My interest in real estate investment has been growing since Mr. FAF and I bought our first house in 2016. I’ve been wanting to start buying rental property and get into landlording as a side business.
As we were looking up houses in the neighborhood that we liked and saw how much the housing prices had increased since 2008, we were both shocked and intrigued. A lot of houses increased by more than 30% in value from 2011 to 2016 without any significant renovation. When we estimated the rental income those houses could generate, we got excited about potentially doing just that in the future
But since Mr. FAF and I can’t just jump right into the rental market before we pay off the mortgage on our current house, I REALLY need another outlet for my burning passion for real estate. It was killing me inside.
Mr. FAF also wants to invest in real estate for extra income and retirement. But I’m the crazy one who has been obsessed with looking up houses on Zillow and searching for everything related to landlording, property management, buy-and-hold strategies on the internet.
Google’s been my best friend in this journey, helping me find great resources for my real estate education. If I can’t buy another house just yet, I will educate myself in the meantime to make better investment decisions in the future.
Without further delay, below are my top 5 rental property websites:
This is probably the biggest real estate website with a ton of articles and podcasts about a wide range of real estate topics (i.e. buy-and-hold, wholesaling, flipping, property management). The website offers a forum where a community of experienced and newbie real estate investors communicate with and help each other out in their businesses.
The website has more than 200 podcasts, 90%of which I have listened to with fervor. I’m particularly interested in podcasts about property management and landlording. Those I have not listened to until the end are mostly about wholesaling or flipping which I don’t intend to do given the huge amount of work attached to it.
I really like the wide range of guests – from newbies to experienced investors – interviewed on the podcast. They offer rich insights into their failures and success and how they went from knowing nothing about real estate to owning million-dollar apartment complexes through trial and error.
As I was exhausting the resources on Biggerpockets.com, I started looking up more resources on the internet and found rentalincomepodcast.com. The website features Dan Lan’s interviews with buy-and-hold investors, landlords, and property managers.
Rentalincomepodcast.com currently has about 100 podcasts. I have listened to all of them and would recommend it to anyone who’s interested in rental property.
Paula Pant, the author of the website, is a female real estate investor and self-made millionaire in her early 30s. Paula is definitely a role model for me given that we’re both females.
The website started out with Paula blogging about how she stumbled on her first rental property and has grown her portfolio over the years while traveling all over the world.
What I particularly like about the blog is that Paula used to publish her Real Estate Investment Report every month where she details all the expenses and income from her rental properties. Paula how hosts a podcast where she interview guests about personal finance, early retirement, and real estate investment.
The blog is the brainchild of Mike Choi, a Korean American engineer, who was caught in the 2008 financial crisis with an over-paid townhouse. In order to pay for his grad school and stay out of debt, Mike rented out the spare bedrooms in his house. Mike renovated his unfinished basement, moved there, and rented out his own bedroom on the 2nd floor. Now that’s what I call dedication.
I like the honest opinions and lessons Mike offers on the website. I also like that Mike is a fellow Asian trying to navigate his way through the shaky real estate market and have a solid plan that’s working for him.
Dave Ramsey is a syndicated radio host and a financial advisor who loves real estate. On his show, Dave answers questions about personal finances but also offers advice on real estate investing, especially rental property. He’s the one who reaffirms my belief in paying off our current mortgage before buying a rental house.
If you’re totally new to landlording, this is a perfect website for you. Emily and her husband host a podcast where talk about their experience entering and thriving in the rental market without much knowledge but still manage to make it work. They sometimes remind me of Mr. FAF and I – a couple new to real estate but eager to invest in it.
Besides these 6 websites, I also learn about real estate through various other sources (i.e. Youtube, newspaper articles, books). But these are the websites I frequently visit and find the most helpful. I listen to the podcasts every day on the way to work and back home, when I clean the house, and when I cook on the weekends.
As I learn more about landlording and property management, at one point I feel that the learning curve starts to level off. It doesn’t mean that I know everything there’s to know about the buy-and-hold strategy. I think it just means I need to start doing it myself to learn from my own mistakes and success.
After all, practice makes perfect. And I’m counting down the days.