Real Estate Investors’ Starter KitThink of these as booster packs for your rocket!
These will make your life easier. Use them for good, not evil.
Everything below is included in your Rental Investor Starter Kit.
We wish we had all these when we were starting out!
Rental Cashflow Calculator
Use this handy-dandy (did we just say that?) Rental Cashflow Calculator to make cashflow and ROI projections for any property. It includes a mortgage calculator for extra awesomeness.
Remember to be conservative in your numbers, particularly for vacancy rate, repairs and property management fees!
State-Specific Lease Agreement
Far too many landlords fail to use a lease that protects them like a shield. Think of this lease agreement as a bulletproof vest for you and your property: it protects you from defaults and lawsuits, and protects your property from damage.
Click the button below to choose and download your state’s lease package, and yes, you can customize it to your heart’s content!
Directory of Hard Money Lenders
Hard money lenders aren’t the only game in town for investment property financing, but they’re flexible and fast. Sometimes they’re just what the doctor ordered, for investors looking for short-term financing.
This directory includes some nationwide hard money lenders, and some local lenders. Be sure to understand all the terms fully, because hard money lenders aren’t cheap!
Directory of Real Estate Investing Clubs
Nothing like networking with other local real estate investors. Stop by these local clubs to network, but also to get referrals for local lenders, reliable contractors, investor-focused Realtors and more.
Your first visit to real estate investing clubs is almost always free, so don’t be shy!
Directory of Investor-Niche Realtors
If you want an expert real estate agent who knows investment properties inside and out, you need a niche Realtor who specializes in investors. This list is far from exhaustive, but it’s a good start for some of the largest cities in the U.S.
Don’t hire a Realtor just because they’re in this directory, double check that they’re a good fit for you and your target neighborhoods, but this list provides you with a starting place in your Realtor search.
Ebook: The SparkRental Guide to Higher ROI
In Snap Landlord, we repeatedly touch on ROI and best practices for improving it. Between Brian and Denise, we have a collective 45 years in the industry between us, so take our word for it: ROI is much more about protecting against common losses than trying to ratchet up rents.
Don’t worry, this is a quick read, but it’s packed with succinct, actionable tips to boost your returns at every phase of the tenancy cycle.
A thorough rental application is the first step in tenant screening. Keep a stack of these in any vacant rental unit, along with a mug full of pens, and as you show each prospective renter the property, have them fill out a rental application on the spot.
With fillable fields and a built-in e-signature, you can also email this application to be filled out and returned electronically as well.
And no, we’re not trying to pull one over on you – we offer the rental application for free elsewhere on the site, but we figured we’d add it to the kit for your convenience 🙂