Using this simple three step guide, you’ll remove your fears from buying that rental property, because you will discover the goal of the property (Step 1), how to effectively analyze the property (Step 2) and who you need on your team to properly manage the property (Step 3).

“What makes a good deal?” is a question I see (and get) frequently. So, to help investors with their first or next rental purchase, I’m providing my personal Rental Property Profit Calculator. This spreadsheet and the numbers included in it are provided as one way to analyze a rental property.

Have you ever heard the expression “Don’t ask a barber if you need a haircut”? The same goes for Property Managers. I would say over 90% of the property managers I spoke with when I first started buying rentals advised me to get professional management help. Well, I’m in the 10% group. I believe you should start by self-managing your first few properties so you know what to expect and develop an understanding about the overall process.

When it comes to your most valuable asset, you want to ensure you’ve made a wise decision. Below you’ll find a couple dozen questions that will help you wean out the cons and crooks when looking for a reputable property management company. The questions below won’t cover everything but they should help you reveal enough information to determine if you want to take the next step with the PM company.

Most people believe that the wealthiest individuals in the world – like Warren Buffett, Jack Bogle, and Robert Kiyosaki – created their wealth through a complex scheme, but nothing could be further from the truth. These titans built their wealth through a set of very simple rules, repeated year after year. Below are those simple, time-tested and proven strategies implemented by the self-made millionaires. If you follow these strategies continuously over the years, you too can reach your financial goals, whether your goals are to get out of debt or retire young – the methodology is the same.