Early on as a landlord I figured it was wise to join in with other professionals in the same industry. You can get a lot of feedback on ideas you might want to implement by talking to your peers in the business. Plus, you can monitor national trends to see what is changing. This can get you in on a new revenue stream long before other landlords take the plunge. As a member of the National Apartment Association I read a lot about leasing to the younger generations of professionals who had pets. A lot of them telecommute, and they are home much more than the tenants from decades ago who worked in the manufacturing industry that used to be in our area.
I learned a lot from the associations and other things I have joined that are related to renting real estate. (more…)