#90: Ask Paula – Your Rental Property Questions
Curious about real estate investing?
I’m rocking the microphone solo on today’s episode, tackling the rental property questions that you — the listeners — have asked.
Rachel from the Ozarks asks:
I’m inspired to start investing in real estate. I live in the Ozarks region, and the cap rates around here are fantastic. However, the online reviews for local property management companies are consistently terrible. What should I do if I can’t find a good property manager?
Daan from Malaysia asks:
I’m a Dutch national who plans to be a global nomad for the next 10-15 years. I live in Malaysia at the moment, and I plan to continually travel internationally for my work. Many people in Asia are investing in real estate; do you have any recommendations for choosing investments abroad?
A caller who wants to stay anonymous asks:
I live in Denver and I’m tired of paying rent. I’d like to buy a house and eventually collect rental income from it, as well. But I’m having trouble saving enough money for a downpayment. Should I just give up? What should I do?
Tom asks:
I own land free-and-clear. Should I build on that land? Or should I buy a property that already exists?
Finally, I tell the story of my most recent bout of lifestyle inflation. It involves sleeping in the back of my car. 🙂
Enjoy!
– Paula
P.S. Need software to manage your rental properties? Collect applications, screen tenants, and collect rent online with Cozy.co/Paula.
Resources Mentioned:
- Bluehost – How to Create a Blog in 5 Minutes
Question 1:
- How to Hire a Property Manager – Afford Anything blog post
- NARPM.org
- NPMA.org
Question 2:
Question 3:
- Renting is Throwing Money Away…Right? – Afford Anything blog post
- Is It Better to Rent or Buy? – The New York Times calculator
- Mortgage Calculator with PITI and PMI
- Bankrate PITI Mortgage Calculator
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