When Buying Property Use a Real Estate Agent, But Still Do Your Own Research!

Real Estate

When buying real estate it makes sense to use a real estate agent.  It doesn’t cost you anything on the buy side and they can do much of the leg work for you.

However, you still need to do a chunk of research on properties too.

You must remember, when looking to buy a rental property the person that has the best interest in your investment is you.

Anything that slips through the cracks doesn’t hurt the real estate agent it hurts you.

However, we still want to leverage an agent – have them search listings, schedule showings, etc.

The particulars of a property you want to verify yourself though.  Things like taxes, homeowner’s associations and the like.


Home Owner’s Association:

When looking at a property that is within a homeowner’s association there a many details that need to be verified.

The most important is if they have any rental restrictions.  This is something you should have your real estate agent verify specifically for you or just do it yourself.

Another one is the actual cost of the monthly maintenance fee.  Just because the listing agent showed X amount in the listing does not mean it is right.   Furthermore, the buying agent doesn’t verify that information often enough, taking the listing info at face value.

Be the Foreman

When investing in rental properties you must leverage the services available to you.  You want to manage those like a foreman on a construction site.  You know what needs to be done and the details of the job and oversee that it is being done correctly.

If you enjoy my posts and property investing tips, then you will love the new book:

ScaredyCatGuide – Investing in Rental Properties

I literally walk you step-by-step through finding, buying and renting out a rental property.  The book is your personal mentor!


Good day! This is kind of off topic but I need some help from an established blog.
Is it very difficult to set up your own blog? I’m not
very techincal but I can figure things out pretty quick.
I’m thinking about making my own but I’m not sure
where to start. Do you have any tips or suggestions?


Leave a Reply

Your email address will not be published. Required fields are marked *

Real Estate
Three Home Selling Myths to Ignore

Whether you are looking to sell your primary home or an investment property the less “noise” you have going through your head the better. Let’s talk about three home selling myths to ignore so you can stay focused on getting a sale done as efficiently and cost effective as possible. …

Real Estate
Three Cheap Ways to Make Your Property More Desirable

The bottom line is “pretty” looking things help raise the desirability of a home.  Let’s discuss three cheap ways to make your property more desirable. Three Cheap Ways to Make Your Property More Desirable 1.) New Fixtures This one is probably the most obvious, but that doesn’t make it any …

Real Estate
10 Items You Can Negotiate When Buying Real Estate

When it comes to negotiating on a real estate purchase most people think of things like price, closing date and repair credits.  There are so many other items that can be negotiated though, so let’s talk about them.  10 Items You Can Negotiate When Buying Real Estate We will start …