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Education Needs Before Renting Out Your House

In this article, I'll be going over my education tips for renting out your house, with a focus on time needed for that education.

View of home from aerial
Adam's 1st rental property
  • Time is Critical to Successful Property Management

  • Education Prior to Your First Rental (110+ hrs if DIY (higher if >1 property, if low $ reserves to cover mistakes, or if high value property); 21+ hrs if hiring a property manager)

  • Marketing (30+ hrs education DIY; 5+ hrs if paying PM)

  • Tenant Screening (30+ hrs education DIY; 0-1 hrs if paying PM)

  • Monitoring (10+ hrs education; 2.5+ hrs if paying PM)

  • Abide by the Contract (5+ hrs education; 2.5+ hrs if paying PM), Including Providing a Property Inspection Report to the Tenant Within the Timeline in the Contract

  • Abiding by the Law (30+ hrs education DIY; 5+ hrs if paying PM)

  • Be Willing to Evict & Get Educated On It (10+ hrs education DIY; 5+ hrs if paying PM)

  • See my Tips on Renting Out Your House


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