Thank you!

what kinds of investments do you make. I totally agree with you. I have a lump sum right now doing next to nothing in a savings account. but it's hard for me to take part in certain kind of investments right now due to the fulltime nature of my job.

Personally, I work with Regina Louise Collaro, an investment advisor who collaborates with a licensed wealth management firm. I must say that my financial journey has been exceptional under her guidance. Regina is widely recognized for her excellent services, so you may already be familiar with her. Thanks to her expertise, I have achieved financial stability and now earn a consistent monthly income through her passive income strategy. I highly recommend finding a reputable investment advisor for yourself

That’s great , your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financial stable. Do you mind sharing more info on this person?

She is easy to find , make a quick research of her on the internet with her name Regina Louise Collaro and leave her a message. I believe she works with anyone independent of their location.

You are correct Lawrence , I am only one of many who gained from working with Regina Louise Collaro. I had no reason to live when I lost my job due to COVID in 2020, and it will always be a memorable year in my life. Regina made it possible for me to live comfortably through passive income, thus I owe her my life. To be completely honest, I think she is an angel who was sent to help those who are struggling financially.

Thanks so much!

Thanks for watching!

Hey how has your experience been so far as a landlord this first year? We are under contract and closing tomorrow and super nervous excited!!

Same lol

As an experienced multi-tenant property manager and Doorloop user, this is how I rate it. Tech support chat 10 Tech support on the phone 5 (must be scheduled) Software is a mix and needs to be polished. It's friendly and simple to use, but there are some features that are dumb, and confusing with limited customization. Price is fair for what they offer, as long as they stop increasing it. Overall, I will give it a 7 out of 10. Don't go by the internet reviews, they offer monetary compensation for reviews, that to me is bad practice and market manipulation. I recommend trying it hard before dropping your current method or management software.

Thank you! When I made this video I was actually working fulltime as a server at Olive Garden. Before Olive Garden, I had been watching my dad (he has a brain injury and requires fulltime care). But we had finally found a nurse we could trust to watch him, so I was waitressing to make sure it worked out with the nurse before I looked for a more permanent job. The nurse was very good but she asked off at least once, usually twice a week. Which meant that I couldn't change jobs because I needed the flexibility that waitressing gave me. After about 10 months, my dad's nurse quit so I went back to watching him until my mom retired in August. Since August I actually haven't had a real job. I have been doing more of the rent house maintance myself, but I recently got married and I'm not sure if I will end up going back to work or not. I do do all of my filming and editing myself - sorry about that - I know the quality could use some improvement. I've never been very tech savvy.

@@ItsMandy your are awesome Mandy, you can do better then a job, I told my wife learn about stock market but she's said I don't have interest lol, nothing wrong with the quality, you are giving very good knowledge to people that's more important, you talk about 16 properties, you own that all of them ? Just wondering

@@ItsMandy I wish you were in California and I can take classes from you.

Thank you Johnna!

As an experienced multi-tenant property manager and Doorloop user, this is how I rate it. Tech support chat 10 Tech support on the phone 5 (must be scheduled) Software is a mix and needs to be polished. It's friendly and simple to use, but there are some features that are dumb, and confusing with limited customization. Price is fair for what they offer, as long as they stop increasing it. Overall, I will give it a 7 out of 10. Don't go by the internet reviews, they offer monetary compensation for reviews, that to me is bad practice and market manipulation. I recommend trying it hard before dropping your current method or management software.

Hi Kevin, 1. I don't know a ton about taxes because we have a CPA who handles all that. So far I haven't paid any taxes, with the exception of property taxes, on the income from the rental properties. You will find this to be pretty common, especially if you have a good tax guy, as there are a lot of deductions in real estate. 2. I've actually been very fortunate that all my tenants have continued to pay rent. I've had a couple late payments but that's it. I haven't consulted an attorney about this, but my understanding is you can't evict for nonpayment until January. You can try and sue for the back rent owed but if the tenants don't have a job or any assets your chances of ever seeing any money are slim. If they have a job you may be able to get their wages garnished. 3. I'm really only familiar with Cozy/apartments.com. I know quite a few people use cash app, venmo, paypal, etc. without any issues. My only complaint about those services is that if you set it up correctly as a business transaction there is a fee, but if you do it as "friends and family" there is no fee but you run the risk of the renter being able to dispute the charge (even months later) and losing the rent money. If you don't mind the fee or your not afraid of your tenants getting angry and disputing the charges than I think they are very good options!

@@ItsMandy thank you so much! also, do you have ig? I’d rather watch on IG than KZfaq haha. Great content.

I was a chemical engineer for a company in Texas, but my dad got sick about 4 years ago and for the last 3 years I have been taking care of him so that my mom can keep working. She is actually retiring at the end of this month though. I do plan to buy at least a few more houses. Prices are high right now though. Our area has very little inventory and houses are actually going above list price, which is unheard of in this area. I'm going to wait and see what prices look like this winter.

Initially I say something like, "Please fill out the application, but do not submit the background or credit check at this time." That way if someone doesn't qualify for other reasons (like income) they aren't wasting money on the credit check.

@@ItsMandy thanks for passing along your knowledge. Appreciate it!

@@ItsMandy Mandy, one last question from me. If a couple wants to rent and both are on the lease, do make both people fill out the application and run credit on both? Sorry for hounding you, but you’re helpful

@@-Silly-Willy-0 Yes, doing a credit check on each applicant is considered best practice and what most large management companies do. But I do think if they are a couple you would probably be fine with just doing a credit check on the main earner. You will just have to decide what works best for you and for your area. To be honest, even though I agree that you should check credit, I don't usually check it because of the area that I'm in. It's a low income, rural area and the large majority of tenants have bad credit or no credit.

Hi Mandy question can I make tenants go to the police station for a background check and bring me the official form back?

The are all SF and in Arkansas. Yes if I had 300 units I would definitely have a property manager or maybe even two!

Hey! 1. Good past rental references (no late payments, adhered to the lease, and they left the house in good condition) 2. No smoking 3. No more than two pets (under 50lbs, at least 1 year old) 4. No more than 2 occupants per bedroom 5. 3x the rent in income 6. No past evictions or bankruptcy 7. Must have full deposit and 1st months rent at time of lease signing 8. Good credit and background checks I might be missing something, but I think that's pretty much it.

Probably somewhere between $800 and $900 depending on vacancy.

Lmao!!!

Mostly through word of mouth. I've found that well respected handymen/contractors give the best recommendations especially when they work with that type of person a lot. For example, a plumber you trust would be a good person to ask for a septic installer recommendation and vise versa. You can also try your local hardware store for recommendations as well. Then you just sorta have to try people out until you find the one you like best. I would add that it isn't a bad idea to have more than one contact you can call incase of an emergency, especially with plumbers. This doesn't go so much for the skilled people, because usually I have a very specific job I am hiring them for, but when I try out new handymen I try to give them an easy job first to kind of test them out. If they don't do the easy job well, then I know I don't want to trust them with the harder jobs. And when you are meeting with them to look at the job, if you gut tells you they don't know what they are talking about then your gut is probably right and you should get a second estimate.

Hey Jake, all of my properties are single family. The reason isn't because I necessarily prefer single family, but because that's really all we have in our area. I've only seen 3 duplexes listed in the last two years and they weren't any cheaper per unit than I could buy a house, but the rent was lower. The idea of multifamily appeals to me because it seems like maintance costs would be less per unit - the numbers just haven't made sense on anything in my area. I do think multifamily has the potential to be slightly more stressful just because people don't seem to get along that well with their neighbors. Even with single family I get a surprising number of complaints either from my tenants complaining about their neighbors or from neighbors complaining about my tenants - and I try to only buy on nice streets.

Yes, I usually pick one day to show the property and I show it to the top 3 to 5 applicants. I typically schedule them 30 minutes apart.

@@ItsMandy Thanks! Subbed and will watch all your videos, like em and watch commercials!

@@SylphBeliver Lol, thank you!