Taylor Timothy Show- Online Marketing, Entrepreneurship, Self Improvement & More

Ep. 177 5 Lessons I've Learned From My First Rental Property

Taylor Timothy

I want to share a few things I have learned from my first rental property. 


  1. Be picky with your tenants. This will make or break your experience with renting out a property.
  2. Limit the contract time. This will allow you to raise rent prices accordingly. 
  3. Be a good landlord. Make sure your tenant is taken care of. If you want to have a great tenant, you need to be a great landlord.
  4. Set up automatic payments. I have found this makes things simple and I am not asking for money. 
  5. This is easy money. My property is growing in value. I gain money each month. This is something I recommend to everyone. 


If you have something to add, let me know in the comments. I love to hear from my listeners.