In order to make money as a landlord, you need to have a few tips and tricks up your sleeve. Here are the essentials according to hard money lenders in Texas.

• Ask yourself, do you like to “do it yourself?” Repairs can add up so being handy will help you save money rather than needing to contract out each and every maintenance job.
• Do you know people who can help? Having a reliable plumber who will give you a discount can mean the difference between sinking or swimming as a landlord.
• Do you have the right financial expertise and backing? This is where hard money lenders in Texas can become invaluable assets. With a variety of non-conventional loans they can help you get loans for multiple income properties if that is what you need.
• Make sure you keep accurate records. Any money you spend on a rental property can be deducted on your taxes. Whether it is an office expense, maintenance expense, cleaning, or equipment, you can write it off.
• Make sure you like dealing with people but aren’t afraid to be firm. You will spend a large portion of your day talking to tenants. Make sure you want to interact with people all day and that you won’t be duped by their sob stories about why their rent is late.

If you are up to the challenge of being a landlord, hard money lenders in Texas are there when you need them for all of your financing needs.

To learn more about getting your finances in order and securing a loan for income properties, contact hard money lenders in Texas today! You will be on your way to collecting a rent check in no time!

About the author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.

Dennis has been married to his wonderful wife for 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.