#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:

• From 0 to 130 Properties in 3.5 Years (Book)

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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