Tip #1) Screen your tenant Tip #2) Set clear expectations for your tenant Tip #3) Develop sound systems (solid business systems) Tip #4) Keep reserves Tip #5) Outsource what you don’t like

No idea why I'm watching this, I'm 15, but I plan on getting in to real estate when I graduate. Update (March 23, 2023): I'm 19 now and have been working for ups for the past 6 months. Real estate isn’t off my list but I’m now more interested in flipping houses independently but the current housing market and my income doesn’t allow me to do that just yet.

Single families take a lot more tenant screening! Even on my multi families I take more time than most other investors just to get that right person who won’t give me trouble.

Me watching this rn for when I turn 28 in ten years 😂😂😂

Good video , especially bout the property manager part ,outsourcing to do all the above

Im 24 and I bought a house last year and am planning on moving states in the next three years. I’m considering renting out my property but definitely want to do it right. This was helpful

5 Tips to Rent out your house 1. Screen your tenants 01:40 2. Set expectations for tenant 02:10 3. Solid systems 03:08 4. Keep reserves 03:32 5. Out source what you don't like 04:00

Thank you for the video! 👍

Great advices Dave! My sister and her hubby lost two properties due to renting out to relatives and someone they thought they knew well. In America, renters have ways more rights than landlords. First it went well then the late payments and complaints about this and that started. It's suck because once they're your renters, getting rid of bad renters is no joke.

Great content and excellent terminology for English learners 😉

Nice…thanks David!

I came here for a review on the Bose sound system. Disappointed...

Thanks for the tips!

Setting up reserves should be part of the costs of doing business. We investors should need to be prepared for these kinds of unexpected costs.

Awesome information that I will use!

I liked for the sound system

Yup. Got the property manager. It's a small take but so worth it.

great tips!!!

Wouldn’t outsourcing come after you been doing it for a while? Seems like an extra expensive if you’re in the beginning stages. How much deposit money do you typically ask for?

Thanks for the vid!

Hey David #1 !

I should be doing this next year thanks for the tips

Is David with Brandon in HI? I'll know tomorrow with the 3 hour Q&A for preordering the Brrrr Ultimate package. Two of the smartest real estate investors out there.

The part about outsourcing: a lot of the work of managing a property is easier now due to technology. For example, my renter has their payments automated so I don’t have to do anything to collect. Just saying in the case this would deter anyone, there are free tools to make it easier.

Hahah brandon with that wet beard thoo, great steps on preventing future headaches and making the best of your time

love the beatz

Music was a great touch 👍🏾

What percentage of the monthly income do you normally set aside for reserves?

can't wait to be able to rent my property 🙌

Thanks man 👏

Super cool David! I am trying to get family to rent out their property, but they think it will be a lot of work. It would be life changing for them.

I don’t even know where to start. I want to keep my house but my family and I are outgrowing it. Is there a business that can help me write up a lease agreement? Will the property manager screen applicants for me as well?

I love David

I love, how U guys ended the video 💪💪💪.

Not used to seeing David Green doing the video...great job, they should let you do more! (How hard was it for Brandon to take the back seat for this one??!)

Should I rent myself or get an agency and how to deal with actove duty tenants?

I bought my first house when I was 20 bro as long as you got a solid job and a credit history you can do anything.

I got a property manager. Not currently at cash flow positive because of it, but it's cut out a lot of the stress since I live out of state. Hopefully will be raising the rent to get positive.

Trust me this man knows what he is talking about! listen to him. I have 3 properties I rent out! FYI I have the best tenants ever!

I had to hit like because of the jump at the end :p

I actually feel dumb, because when you dove into "sound systems" I actually thought you were serious for about 6 full seconds. Solid play, sir. Solid play.

What was the number of rentals you were managing yourself before it became a burden? Seems if you're handy, 1 or 2 wouldn't be bad?

Need more detail on how to screen each tenant efficiently and thoroughly. Suggested service website for screening tenants?

when screening tenants what do you screen aside from credit score, job status, eviction history, criminal history?

What is a fair fee when hiring a property manager?

Can you use the property Mgmt. Fees as tax write-offs?

Hello! Quick question...my boyfriend (21) and myself (19), live in California in a very expensive area and are looking for our first home. Reason being is because we have a dog and 2 cats. I'm aware that a lot of home renters will probably aim toward a couple who work in the tech industry that makes 3x as much as we make and who have renters history. My boyfriend and I have good credit and no missed payments. What would be some ways for a renter to put their trust into young adults moving in a home for the first time? Thank you for reading my comment!

I was once you a Jerry then eventually became a Sara in rentals .. but I learned alot being a Jerry!

Great, I learnt a lot from this. Thanks Dave

???????Question couldnt get a home cause of my credit score but i had the money how do i overcome that???????

No rental. You can move...into one...We well polish it so it shines more ))

Do you need to be of a certain age or have a permit to do this?

I have a double wide that I’m fixing up that’s already paid for. My dilemma is either fix it up and rent it out or sell it and use that money for more property investments that I can flip. I have construction background so there is no middle man. I just don’t know what will be the wise choice. I can enjoy that little monthly money or maybe I can make bigger money at a risk.

Are you looking for a place to spend a holiday with your family or spouse, then Burbank hotel is the best place to be, with comfortable atmosphere and security.

I'm super paranoid so I'll probably set up a 6 month minimum cash cushion for a property that covers the mortgage and anything before I even get a down payment

As Basil once said, can't we get this guy on Mastermind; specialist subject... ...the bleeding obvious!

cppropertymanagement in NY. i've been with this company for two years now and i have ZERO complaints. just like bigger pockets taught me..focus on investing leave the managing to the experts! veteran discounts also

How do we get a lease agreement?

I have a question, hoped you can give me some advices. I have an empty house in a very normal area in Chicago, without any decoration, it doesn't look pretty. My mom used all her money bought it for me, she paid about $230,000. She thought we could fix the house with 100k and live together for our rest of our lives. Unfortunately it turned out a bad guy stolen almost all her money, and now we don't have any money to fix the house. Tried for a year and half to put it on sold, but no one wants to buy it, and the price is way lower than we bought. Now I have to pay the tax every year, it's even harder for me just to live. I was a tennis instructor, and now I have no income, cuz of layoff. Do you have any ideas or opinions, tips that can help us to do anything with this house so we can make some money back or at least I don't have to keep put money in. I'm sure there is a way, I just don't have any knowledge about this. I seriously need help. Please let me know if you can help me get some good ideas. I will be really appreciated!!

What are the general reserves

Don’t you have to wait a year until you can rent out a house? What someone were to buy a multi family like a condo or duplex would we have to pay every month until it passes a year and we rent it out? That’s a lot of payments for a vancant property hmmm...

How can you keep track how much money uiw are making / losing

Thump up

Property manager for one property? I dont want to do none of the work just get the house rented and boom. I know the aspect of it. But cant afford to be on top of it as of right now

26 & just inherited a house in Ft Worth Tx. Wish me luck thinking about renting it out after I pay off the 6k in taxes...😞😩

What’s a sound system?

Nice video!! Very engaging from beginning to end. Nevertheless, businesses and investment are the easiest way to make money irrespective of which party makes it to the oval office......

How do you build capital to buy houses? Or can I just take out loans?

these tips are for people that wanna rent a house, with if i just wanna rent out a space in my house?

It weird seeing Dave in the real atmosphere and out of the office lol.

Buying the BRRRR strategy today 👍🏽

Why he look like the grown up version of Rufus from Kim Possible?

How come there is a million videos on screening tenants and hardly any for finding prospects in the first place? I need prospects first, before I start screening.

👍

Anyone out here do out of state landlord that self manage their own property, please give me some tips on how I can start? I own 1 at the moment, and I really want to give it a go, try to manage remotely. Quality PM’s are really hard to find- the google reviews speak volumes.

Smart LL

My dad said im getting the house when he passes. I plan on renovating it and renting it out I dont want to sell it cause it is my childhood home but I don't want to live here all my life so well see with time

renting your house should be done with total consideration of if the person would treat the house with respect like you did

What are these "systems" you speak of?

Me watching this as I get ready to rent one of my houses out in a month 👀

Me watching this for rn

Don't pay for outsourcing, waste of money. Find the right tenants, maintain your rental property, and you wont have the stress of about constant phone calls or breakdowns.

Ask potential tenants personal questions, take the information to your local police and ask questions about potential tenants. Verify these people 200% or do not lease your place. Tenants have more rights than you the property owner.

couldnt get a home cause of my credit score but i had the money how do i overcome that

I’ve inherited my dads paid for 10 acres and 2 story ranch house. It’s worth 300k. I have a Mobil home and 5 acres and I’m perfectly happy where I’m at. Don’t care about the big fancy house. Can you rent out such a big place?? I could sell...but the long term possibility for renting it would be good for a steady income. I dunno if people will rent a big estate like that. To rent such a place would be very HIGH. I mean a 2 room apartment in town is 800 bucks so I can’t imagine rent on 10 acres, 2 stories, 4 bedrooms, 4 bathrooms, basement!

Bro am 13 and wondering if I can actually do this

"Outsource what you don't like." What if I don't like any of that? I'm a bad judge of character and I'm bad at being confrontational. I'd rather let some company manage it and take a cut of the profit.

Almost everyone here in Miami . Have effeciency to pay there mortgage...

Do you need a degree, certification or any other special qualifications to be a landlord? Or is that only if you want to be a housing agent?

David, I want to get into the rental market very badly and have been Learning and educating myself for almost 2 years now. But my concern and what is holding me back is, what will happen when rental prices start to decline? I am in Florida and rents are crazy high to the point where families are really struggling. It cannot keep up this way, so you’d have to think rents eventually are going to have to correct and go down eventually? Is this a legitimate concern and how do you go about it.

0:18 4:22 Hire a Property Manager

I'm 12 years old and buying a house gonna be rich like you

These are pretty basic stuff I think if people didn't know all this based on their common sense they shouldn't be renting their properties.

Dude are you working in Hawaii right now?

Wait is this David Green or whom?

I want to be a nurse but for retirement I wanna rent houses out.

Isn't that the truth of humanity... Fill your pockets many do. EGOS and IDOLS 💵💵💵 Cheers 🤳 Bee 🕊️🌈🐝⚖️💜🏴🏳️✝️🔥🌍

Starts 1.39 for the actual tips.

Always have a contact. Fuck friends. And never never unrent because you can lose if need to fix something.

I’ve never seen a good tenant