People have made millions in poor economic times and others have made millions during good times.  When you buy right, you can make money.  Don't rush into your purchase, watch and investigate.  Find that distressed property and take advantage of someone else's difficulties.

Visit our website for blog articles on this and other topics.  Take one of our free courses on how to buy a residential rental property.  Enroll in our full courses before you buy your first property.

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Protect your investment.  Keep your personal and business income and expenses separate.  By forming a business such as an LLC, you will help to protect your personal property from those who want it. 

Keyladder.com    provides education courses on residential rental property.  Visit the Keyladder.com website to learn more.

Yes, your property insurance rates are going to continue to increase.  Big increases this and next year due to inflation, labor shortage, catastrophic events,  supply chain, and more. 

The best thing you can do is to become informed about how to mitigate higher insurance costs and be aware of them when creating pro formats on new investment properties.

Visit our blog articles and browse our courses on investing in real estate.

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Are you interested in investing in residential rental property?  Did you know that there are two types, short and long term?  This podcast explores the differences between both.  You are referred to the KEYLADDER.COM website to read the enter blog article on this topic.  

Please read other podcasts on our site and visit our school to take one of our two courses on investing in residential rental real estate.  https://keyladder-training.teachable.com

Your vacation home may need some help. The great recession we have been hearing about is here. The stock market became a bear market today. Your real estate investment was a good decision at the time but economic conditions have changed the business model. 

Time to consider the worst-case scenario. You may need to earn rental income to help make those monthly payments. It may be the right time to join other short-term rentals available for vacationers or rent on a long-term basis. 

If the recession hit you hard and you are having trouble with cash flow there are basically four choices. Hold on to the property until tough times are over for you financially, consider using it as a vacation rental, convert to a long-term rental or sell it. The slowdown of the real estate market is causing real estate prices to decline. If you have good equity in your property now is the time to sell if that is what you want to do. 

Continued as a blog article at https://keyladder.com/2022/09/25/how-to-save-my-vacation-property-from-recession-now/

Please visit our website and read other blog articles KEYLADDER.COM  consider taking our education courses on residential rental property investments.  If you are interested in owning a short-term rental property take our free mini-course on "how to invest in vacation rental property".   https://keyladder-training.teachable.com/p/short-term-rental-investment-mini-course

Thank you for listening to this podcast, please listen to our other podcasts.

A question that is often asked by new investors.  Experienced investors already know the answer which is explored in this podcast. 

Learn more about property management and all other aspects of investing in vacation/short-term rental property by enrolling in KEYLADDER's course located at KEYLADDER.COM    

Want to know about what William Anderson thinks of the residential rental market today? Tune in and listed as he explains his position in this turbulent market with higher interest rates and political issues.

Listen to this and other podcasts on Keyladder.  Visit Keyladder.com 

Consider enrolling in our Residential Rental Property Investment course and/or the Short-term Rental Investment course.

Are you thinking about managing your property?  Think again.  There is much to know about property management before you decide to manage your property.   Legal issues are just a starting point. 

Managing the actual tenant is the most difficult part of property management.  Interactions with renters can be challenging.  You can be taken advantage of if you do not have sufficient knowledge.  Regardless of what you decide after buying a property, always factor in the cost of a property manager if you have no more time or energy to deal with tenants.

Property management is just one topic in KEYLADDER's Residential Rental Property Investment course which you can enroll in at KEYLADDER.COM