Have you ever thought about investing in real estate for renting? If so, this article will give you a fundamental key to success. Hint- it’s not what you think!
I’ve known a lot of landlords in the time I’ve been investing in real estate for renting, and they seem to all have one thing in common- they hate being landlords! A bigger bunch of gripers and complainers you would not want to meet. They’re known as “tired landlords” or “don’t wanters”, and they are a big source of deals for folks looking for motivated sellers.
I asked myself, ‘Why do they hate it so much?’ If investing in real estate for renting is such a great way to make big money (and it is!), why do so many people spend so much time trying so hard to stop doing it?
It’s because of the way they approach investing in real estate for renting… in short, it’s because of the stance they choose. Rather than choosing to invest from a position of strength, they are investing in real estate for renting from a position of weakness.
Instead of deciding to be landlords, they should decide to be investors!
What’s the difference. Why does it matter how one approaches investing in real estate for renting? Plenty!
Simply put, choosing investing in real estate for renting as an investor rather than a landlord allows you to focus on those activities that put money in your pocket, rather than those that cause you the most headaches.
Choosing investing in real estate for renting from the strong position of investor, as opposed to the weak position of landlord, allows you to spend your valuable and limited time doing what really matters. By allowing other, more qualified people to take on the mundane tasks of landlording, you free yourself to truly engage in the highly profitable activities of investing in real estate for renting.
I just want to get you thinking about how you see your investing activities, because I believe it makes a huge difference in how you approach the problems that will inevitably occur when you are investing in real estate for renting. As an investor, you will make the wise decision to get the help you need, and you will avail yourself of the resources available to you. As a landlord, you will try to do it all yourself, as you try to make the best of investing in real estate for renting from a weak position.