Property Management Blog

How to Be a Landlord: Beginner’s Guide to Real Estate Investing in Columbus, OH

Mitch Deminski - Friday, April 7, 2017

So, you want to be a real estate investor. That’s great. The real question is: do you want to be a landlord? Because, when you buy investment property, you need to know how to be a landlord. Some people think they can buy a property, and the cash just starts rolling in. But, you are starting a business and you have to treat it as such.

Real Estate Investing for Beginners

From day one, you need to know what’s expected, whether it’s protecting the property and its value or putting your investments in an LLC. You need to understand the fair housing laws, the lead based paint disclosures, and how to qualify tenants to make sure you get a good person in your property. It’s a huge learning curve, and you want to be prepared.

Professional Property Management

When I talk to new investors or people who want to start investing, I highly recommend hiring a professional Columbus property manager. There’s a lot you can learn from us. Maybe you’ll quickly see that you can save money and time by using management services, or maybe you’ll sign a one year contract with us and feel like you’ve learned everything, and you can go off on your own. If that happens, great. It means I have done my job. Maybe you’ll keep buying properties and as your portfolio grows, so will your need for experienced, hands-on management.

Income Opportunities

I have helped a lot of people get into the investing side of real estate, whether it’s because they want to diversify their 401K, or they want to replace their income. I love that part of it, and I get excited for people taking control of their own futures. That’s why I began investing. I didn’t feel like social security or pensions would be around and reliable. So, I started buying property about 18 years ago and I’ll probably keep on buying.

If you want to discuss your real estate plans, please contact us at Solutions for Real Estate. We’d be glad to help you out and tell you more about property management in Columbus, OH.