Learning How to Be a Landlord is Part of the Orange County Real Estate Investing Game

While it’s true that a lot of the television shows we see today focus on real estate investors on the flipping side of the game, the fact is that one of the most profitable ways to build an Orange County real estate investment portfolio is to buy and hold property – not buy and sell it.

When you hold on to property you are able to let it appreciate over time and make far more money in the long run. Of course, an empty property is not nearly as valuable as one you are renting out and that’s why it’s so important to learn how to manage tenants and play the role of landlord for the properties you choose to hold onto instead of sell.

If you want to learn how to buy and hold property to make the most money out of your Orange County real estate investment, here are a few tips from the experts:

1) Finding quality tenants is one of the most important aspects of successfully renting property you own. But sometimes that can be easier said then done. A great way to learn how to find tenants that will respect your property and pay their rent on time is to seek out the help of experienced Orange County real estate investors. Many times, investors will be able to help you pinpoint where you can find great tenants for your properties.

2) Understanding how to deal with the day-to-day operations of rental property is also a hugely important aspect of the buy and hold game. From repairing leaky faucets to handling pet requests, you will need to manage your tenants and properties on a regular basis. This means that you will need an arsenal of help if a need arises. Some Orange County real estate investors choose to hire a management company while others choose to handle the day-to-day operations on their own. Either way, be prepared to spend some money on routine repairs and emergencies.

3) If you are thinking about getting into the Orange County real estate investment game and want to buy and hold properties, you’ll definitely want to understand the financial side of owning rental property. From understanding the great tax advantages to analyzing advanced rental strategies to maximize cash flow, it’s important for every investor to thoroughly know and understand how to make their investments work for them.

Buying and holding property might sound scary if you’ve just considered flipping, but it truly is one of the best ways to build wealth and a successful Orange County real estate investing career. If you want to learn more about the buy and hold strategy or about managing rental properties, check out Nouveau Riche University’s Orange County real estate investing courses. You can visit them online or call the University today at 949-433-7187 for more information.