The Landlord's Bible How to Cut Costs and Create Cash Flow

Aaron Hoddinott

Table of Contents

Building Freedom on the Side with Income Properties 3 10 Vital Tips to Buying a Great Investment Property

Increase Your Rental Property Income 8 11 Tips to increase Your Rental Property Income

Find the Perfect Tenant for Your Rental Property 11

8 Rules to Building a Strong Relationship with Tenants

How to Be a Great Landlord and Avoid Common Mistakes 14

5 Keys to Becoming a Successful Landlord

Don’t Be Scared – Educate Yourself and Get Started

Application to Rent 17

Wrapping Up 19

About the Author 20

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10 Vital Tips to Buying a Great Investment Property

If you follow my landlord formula, and keep things simple, you’ll be surprised how much you

can achieve in the property market with relatively minimal capital. At the end of the day, a good

investment property can be measured by three things: your monthly cash flow, asset appreciation

and the amount of time spent dealing with tenants.

I’ve been a landlord for several years, own different types of properties in different cities, and

have learned these vital tips through my own personal trial and error. When looking to find an

investment property, this is precisely the formula I follow. So with that in mind, let’s get started:

Look to Buy in Lower-Income Neighborhoods

Don’t be afraid to buy in a lower-income neighborhood if the location is close to the downtown

core. The first neighborhoods improved within large cities, especially in today’s economy, are

the ones closest to the downtown core – where most people work. Commuting 45 minutes to

work every day is a thing of the past. People want to live close to where they work.

So, if you have the opportunity to buy an investment property in a less desirable neighborhood,

don’t overlook it. Try and envision where that neighborhood will be in 10 years. Really wander

around the neighborhood and see if there are any new construction projects on the go. Lower-

income housing may not be sexy, but it is highly profitable – just requires more of a hands-on

management approach and selectiveness with tenants.

My most profitable investment property is in a lower-income neighborhood and I have never had

one issue with a tenant in the four years I’ve owned it. It also appreciated roughly 25% in those

four years.

Building Freedom on the Side with Income Properties

Buying rental properties, fixing them up with minimal investment, and then filling them

with excellent tenants is an endeavor I absolutely love.

I’ve increased my personal net worth substantially over the years thanks to these tricks and

tips I’m going to share with you.

Best of all, building your net worth and bringing in additional cash flow each month,

through rental properties, is not a time-consuming task when you know what you’re doing.

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“The nineteenth century warehouse, at the side of

the Bridgewater canal at Broadheath, contrasts

starkly with the two modern apartment blocks”

Image source:

http://www.geograph.org.uk/photo/2765286

Buy Old Before New

Nine times out of ten the older property will be the better investment over the long-term. Older

properties give you more land and/or square footage for your buck and that is very important.

With investment properties, size does matter!

An older property may require a more hands-on approach (as some maintenance and renos are

required), but the ROI will likely be better than a new property. If you’re investing for the long-

term, just remember that NEW doesn’t stay NEW. Tenants can make a new property look old

very quickly. In addition, if you are looking at an older property versus a new one, consider that

you could likely pick up a small, 30-year-old duplex in a lower-income neighborhood with good

bones (and the potential for two suites) for the same price as a brand new, one/two bedroom

condo in a more desirable neighborhood. Single family homes are proven to increase in value

much more than condos (from a percentage standpoint).

In addition, new real estate projects are being built to sell to the end user (meaning the person

living in them) and they come with a premium price tag. Older homes are being sold to

developers and investors – people with foresight and looking to add value (people like you and

I). Also, bear in mind that new condos, for example, come with no land (land is king!) and are in

need of a contingency fund. Strata councils can be a headache in the beginning as they look to

establish a cash reserve for a building that, quite frankly, doesn’t need one. In addition, many

condo units come with rental restrictions.

If you can, buy a single family home in a lower-income neighborhood over a condo in a trendy

neighborhood. And for anyone who says buying in a lower-income neighborhood is a dumb idea,

tell that to all the investors who bought townhomes and duplexes in Brooklyn 20 years ago.

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H.U.T.S.S.

In order to secure rental demand over the long-term, make sure the prospective investment

property is close to what I call H.U.T.S.S.:

Hospitals

Universities

Transit

Schools

Shopping

Hospitals provide a ton of people with reliable employment. Many of these hospital employees

need rentals. Nurses, for example, are fantastic tenants because they earn a good living and are

rarely home. Universities provide you with student renters (ideally find students in graduate

programs) and faculty. Transit is a huge selling feature for renters. In all my rental ads I make

sure to document how close the property is to transit (subways, bus stops, etc.). Schools are

fantastic to have around your rental as it makes your suite attractive to families. Once parents put

their child into a school, they don’t like to move, so it increases your odds of finding a long-term

tenant (which is what you want). Having grocery stores and shops nearby is very important as it

adds convenience to living in your rental suite.

Avoid Buying a Money Pit

When looking at rental properties (specifically houses), check the condition and age of the

expensive fixes: Furnace, roof and windows. You want a roof that has at least 4 to 6 years left in

it as they can cost upwards of $10,000 to replace. Make sure the windows don’t have

condensation forming on the inside as that can lead to mold and will most certainly mean they

need replacing. Having new windows installed can cost anywhere from $5,000 to $20,000,

depending on how many there are. You want to make sure the furnace isn’t too old as it is

extremely expensive to replace and a huge hassle. A forced air furnace typically lasts about 15

years, so be sure to find out when it was last replaced. Getting a new furnace installed in a house

can cost anywhere from $3,500 to $12,000. This is the big appliance landlords always worry

about.

Once you’ve looked at the condition of those three big potential expenses, then examine the hot

water tank, washer, dryer, fridge, stove, etc. It is okay if you have to replace any of the

mentioned items, provided your offer reflects the needed improvements.

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Multi-unit investment properties (duplexes,

quadplexes, etc.) are by far a better choice than a

single unit (condo). There is a reason multi-unit

properties rarely come on the market. And when

they do, they don’t last long – so jump on them.

If you can’t afford to make a 20% down payment, then you shouldn’t be buying the investment

property. It’s called an investment property for a reason. Also, if you aren’t able to positive cash

flow based on what you can rent it for (after researching comparable rentals), minus insurance,

monthly strata (if condo), and property tax, then it isn’t something I’d buy. With a 20% down

payment you should be positive cash flowing from day one. Also, by putting 20% down you are

somewhat protecting yourself from interest rate fluctuations.

The 20% Rule

Multi-Unit Properties Are the Bee’s Knees

Private Parking

Look to buy an investment property that has private parking. In some cases, particularly in large

cities, certain investment properties don’t have their own private parking. This puts the property

at a disadvantage to other rentals and will certainly impact what you can charge in rent.

I remember looking to buy an investment property in Vancouver, Canada and found a great

condo, but it didn’t come with a parking stall. I ended up buying a different property just two

blocks away which had a private parking stall – and I was more than willing to pay the additional

$15,000 for it (despite preferring the look and feel of the other property).

A private parking stall can bring in an extra $150 a month in rental income. In large cities, a

tenant with a car would have to pay at least that to the municipality for a monthly parking pass.

In Vancouver, for example, a private parking stall in the downtown core is estimated to be worth

about $30,000.

Don’t Be Scared of Crime, but Do Your Homework

Check the crime levels in the neighborhood. While I personally like to buy investment properties

in lower-income neighborhoods, given the potential upside, you want to make sure that crime in

the prospective area has been trending lower. In addition, find out the frequency in which law

enforcement is patrolling the neighborhood.

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Rental Comparables

Before buying your investment property, be sure to check what similar suites in the

neighborhood are renting for and document how many there are for rent. This gives you two very

important pieces of data. First, it tells you your potential cash flow; second, it shows the supply

versus demand.

Manage It Yourself

Manage your own investment property – it’s not that difficult! Most property managers take 7%

to 10% of your monthly rent, which in some cases will be your entire profit. Plus, if you let

someone else manage your rental, how the heck will you ever learn to be a good landlord? If

you’re not interested in managing your own investment property, don’t invest in real estate. Of

course, the exception to the rule is if you live in a different city than your investment property

(which is not a good idea for your first one).

When you’re out there looking for an investment property, be sure to keep these ten rules at the

forefront. They will save you a lot of grief, help maximize monthly cash flow and increase your

return on investment.

Don’t be a prude when looking for investment properties. Be willing to buy a place in a lower-

income neighborhood; they can be extremely profitable, require smaller down payments, and from

my personal experience, are never as bad as people say. In fact, they often have friendlier people

than some of the wealthier neighborhoods. Invest in the lower-income neighborhoods and get some

culture!

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I get a real buzz when I find a property that has been mistreated or in need of some TLC,

purchase it for a song (because it is less desirable at the time than competing properties), and fix

it up to make it the nicest rental in the neighborhood.

During my years as a landlord I’ve learnt some very important and low cost lessons in making

sure I get top dollar rental income for my properties.

11 Tips to Increase Your Rental Property Income

Before showing your rental property to prospective tenants, have it professionally scrubbed so it

shines! Either that or do it yourself, but be prepared to spend several hours scrubbing (that

includes cleaning the walls, toilets, showers, kitchens, cupboards, nooks, cracks and crevices).

Tenants want to feel like the suite is sterile, and it is your job to make it look like no one has

lived there before. Scrub baseboards, wax floors, paint trim (if need be), Windex your windows

(inside and out). Prospective tenants are first and foremost looking at cleanliness.

Paint the door to the entrance of your suite if it isn’t looking perfect. First impressions matter.

You want your prospective tenants to walk up to your suite with a great feeling about it being a

potential home for them in the future. People make a judgment on everything within seconds.

Make that entrance looks fresh and welcoming. You’d be amazed at what a fresh coat of paint on

the door can do for your entrance.

Increase Your Rental Property Income

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When showing your suite, don’t set different appointment

times for your prospective tenants. Take five days to let the

calls come in after you place your ad and tell everyone to

show up on the same day, at the same time. I can’t tell you

how vital this is. As is the case with any product, when

people see demand for something, they want it more. It is

human nature. On more than one occasion, I literally had

bidding wars to lease my rental suites because I had 20 (or

more) people show up at the same time to view the place.

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Make your appliances look as good as new. A trick I have learnt is that nothing makes old

appliances shine better than some Windex (after cleaning them with a product like Fantastik).

The shape and shininess of appliances can make or break a tenant paying top dollar for your

suite. If the appliances in your rental property aren’t brand new, you need to make them look as

close to brand new as you possibly can. I’m dead serious about this. Renters love new

appliances; they are a huge draw. Get the Windex out and make that washer, dryer, stove, fridge

and dishwasher shine!

Most rental properties have linoleum in them – at least in the kitchen and bathrooms. Make sure

that if your linoleum is looking worn, you replace it. Don’t try and hide a crack in the linoleum

or a big stain by putting a rug down. Linoleum is dirt cheap to replace, so there are no excuses. A

shoddy looking floor will prevent you from getting top dollar for your suite and prevent you

from finding a good tenant. Anyone willing to live in a place with stains or cracks in the floor

won’t show any respect for your property anyway.

Have applications and pens on site. For obvious reasons, you want people filling out applications

right away and on site so you can put a face to the name. When a lot of people show up for a

viewing, it can be hard to remember individuals. The applications allow you to collect valuable

employment information (I’ve included the tenant application I use at the end of this E-book).

If you’re thinking about spending money on your rental property, don’t be wasteful, as

improvements cut into your ROI. You want to spend money on things that will increase rental

income. With that in mind, tenants focus on two key things in your suite first: appliances and

washrooms… they want CLEAN and NEW (or new-looking). Unlike homeowners looking to

buy a place, the kitchen isn’t the most important room for tenants. So if you are going to spend

money on improving your suite, the first room to update is the washroom. Don’t go out and tile

the entire washroom and put in high-end finishing; focus on modernizing and sterilizing. Tenants

want a modern looking, bright and white washroom (dual flush toilets are a nice touch and

appeal to our environmentally conscious population).

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Don’t show up to your viewings looking like you’re going to a baseball

game. Take your role as the landlord seriously. That doesn’t mean you

should show up in a suit (you don’t want to look like a stiff), but dress

professionally so your prospective tenants will take you seriously. It all goes

back to first impressions.

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Spend money to have your rental property ad promoted for a week on sites like Kajiji (extremely

effective and very cheap to do). It’s important to keep your property relevant and at the top of ad

sites. I recently listed one of my rental properties, paid $17.95 to have it promoted on Kajiji for

seven days, and received 109 inquiries in the first 4 days.

If you have carpet in your suite, replace it wherever possible with laminate – this will save you a

small fortune over the long-term (won’t have to get carpet professionally cleaned every time a

tenant moves out). Laminate keeps that new and clean look much longer than carpet. Over the

years, this switch will add hundreds of dollars annually to your ROI. And from my experience,

tenants prefer laminate.

If you think your income property should rent for $1,100 per month, list it for $1,200 a week

earlier than you normally would. If you only get a couple inquiries within the first 5 days, then

go ahead and lower the price. How are you supposed to get top dollar without at least trying?

After improving the washroom, spend the money on new

appliances (stove, fridge and most importantly, washer and dryer).

You’d be shocked how much new appliances can add to your

monthly rent (a nice new washer and dryer can easily add $100 per

month to your rental income – goes back to tenants liking clean).

An old washer and dryer implies weathered and dirty and prevents

you from getting top dollar.

Another cheap improvement I recommend making is modernizing

the light fixtures if need be. A big turn off for prospective tenants is

old light fixtures that look like the image on the left.

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No matter how great of an investment property you may own, it doesn’t mean squat if your

tenant screening process is weak. A bad tenant can, and likely will, negatively impact your rental

cash flow. When selecting and building a relationship with my tenants these are precisely the 8

rules I follow:

1 Reel ‘Em In When showing your rental suite, don’t set different appointment times for your prospective

tenants. Take five days to let the calls come in after you place your ad and tell everyone to show

up on the same day, at the same time. I can’t tell you how vital this is.

As is the case with any product, when people see demand for something, they want it more (and

they act immediately). It is human nature. On more than one occasion I literally had a bidding

war to lease a suite because 20 (or more) people showed up at the same time to view the place.

Make the prospective tenants feel like it is a privilege to rent your suite – nothing does that

better than by demonstrating how ‘in demand’ it is.

2 Weeding Out the Slobs The last person you want renting your investment property is a Slob. Not only are Slobs messy,

but they create costly problems for your suite (i.e. bugs, mold, rot, stains on flooring etc.) and

negatively impact your cash flow and ROI.

As a landlord you want to avoid messy tenants like the plague. With that said, spotting a Slob

just by meeting them at a showing can be difficult… luckily there’s a little trick I’ve learnt over

the years.

While your prospective tenants are looking at your rental suite, quickly walk by their cars and

have a peek inside. A messy car is a dead giveaway that that person is a Slob, and not fit to rent

your suite.

If you’re wondering how to take a peek in a prospective tenant’s car without being made, that’s

another benefit of having all your prospects show up at the same time for a showing. There will

be so much going on inside your rental suite during the showing, with people looking around

and filling out applications, that you’ll easily have the 30 seconds needed to go outside and

glance in the cars of your prospects (provided your suite isn’t in a high-rise building).

Take a mental note of which cars were filthy. If you use my tenant application form (included

Find the Perfect Tenant for Your Rental Property

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below), there is a spot for prospective tenants to fill out the make and model of their car. This

will tip you off as to whether or not they are a Slob because you’ll have noted the filthy

vehicles. If you don’t think you have the covert ability to look inside the car without being

made, it never hurts to have a second person at the showing with you – that can be their job (get

a friend, spouse etc.). It also helps to have a helper at the showing to guide people to the suite

(if in a high-rise or complex).

For those who think I’m extreme for recommending this somewhat sneaky tactic, think again.

This is your investment property, and don’t forget how hard you worked to save for it. One

slob-tenant can end up costing you thousands of dollars and unnecessary stress.

If a prospective tenant doesn’t own a car, then you are going to have to use your judgment

based on how well put together they are and by contacting previous landlord references (which

must be included in the tenant application). Ask the prospective tenant’s previous landlord

about the state of the suite when they moved out. Was the suite clean? Was there any substantial

damage to the suite?

3 Don’t Short-Change Your Suite Set the monthly rental rate in your ad on the high-side of what the suite should rent for. This

will weed out all the prospective tenants who are just looking for a cheap place to crash and

have no intention of staying long-term. People looking to rent a nice place in the neighborhood,

who will call it ‘home’ and treat it well, understand that the higher-priced rental suites are often

the better ones, so it won’t deter them. Pricing is branding.

4 Advertise in More Than One Classified This doesn’t mean go out and buy ad space for classifieds in all the local papers and websites.

From my experience, no two classifieds/sites bring more traffic to my rental suites than Kajiji

and Craigslist. Without question these two sites, which are free to advertise a basic classified

on, are the best for finding great tenants. You can also promote your ad on these sites for next to

nothing, but it is only necessary to do so if you are looking to rent your suite out quickly.

5 References Have applications at the showing and make sure there is a spot for references as well as current

employment. Don’t be lazy and don’t pretend you are an amazing judge of character after

meeting someone one time. Follow-up and call prospective tenant references. You want to find

out if the person has reliable employment. In some cases, prospective tenants may not want you

calling their employer. In such a scenario, ask for a letter of employment, which is a letterhead

document from the employer stating how long that person has been with the company and what

position they hold.

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6 Start Your Tenant/Landlord Relationship Off Stern and Clear And then ease up once trust has been established. Upon signing the lease agreement, let your

tenant know that every 60 days you will be doing a quick walk-through of the suite. You can do

the walk-through while she is at work and it doesn’t take more than a couple minutes. You’re

doing it to check the condition of the suite and to stay on top of potential maintenance issues.

This sets the tone and shows your tenant that you are an engaged landlord and they will respect

the place and treat it better because of it. Remember, it is easier to start off stern and ease up

later than to do the opposite.

7 Avoid High Turnover if You Want to Be a Successful Landlord Without question, on a residential property, at the bare minimum, you should be signing a one

year lease with your tenant. Don’t sign month to month leases unless you have an executive

rental. Ideally, you want to find tenants who will stay in your rental for several consecutive

years.

In order to find a tenant(s) who will call your rental suite ‘home’ for 2, 3, or even 5 years, look

to select someone who has attachments to the neighborhood in which your suite resides – i.e.,

employment, university (ideally a grad student), their children attending a neighborhood school.

High turnover kills your ROI, and it’s a headache to deal with.

8 One Tenant Is Always Better than Two It is a simple concept. One person will be less damaging than two. Of course, don’t rule out all

couples or families, but if you are having a hard time deciding between a single tenant or a

young couple, my preference has always been to go with the single person.

Naturally, any tenants will create some wear and tear issues on your rental no matter how great

they are. However, when there are two people living in your suite, that’s double the wear and

tear (mainly applies to appliances – twice the amount of laundry, showers, dishes, etc.).

Those are the most crucial tips for you to remember when selecting and building a relationship

with your tenant. No matter how great an investment property may be, it can turn into a

nightmare if you don’t screen your tenant(s) using my tips above and build a working

relationship.

Rather than viewing your tenant(s) as someone who pays you rent on the 1st of each month,

consider them the caretaker of your investment. With that mindset, and my tips above, you’ll

have no troubles finding the perfect tenant for your rental property.

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Being a great landlord is easy, provided you understand what to look out for, how to select the

right tenant, and what neighborhoods to buy your investment property in. Also, you must learn

where (and where not) to spend money on your rental. This section documents the 5 most

important lessons I’ve learned (through trial and error) while becoming a successful, and

profitable landlord.

5 Keys to Becoming a Successful Landlord

Great landlords have excellent, working relationships with their tenants. The first step in building

that relationship is selecting a great tenant, of course. In order to find the perfect tenant(s), you

must have a superb screening process (follow the tips I laid out in the previous section). This, by

far, is the most important aspect of being a successful landlord as tenants directly impact your

bottom line – and the amount of time spent dealing with your property.

As a landlord, you must understand which type of tenant is best for your investment property.

Just because a prospective tenant has a great job with reliable income, that doesn’t make them

the best fit for your rental property.

Tenant selection, and the way you treat them, is of the utmost importance. As mentioned above,

consider your tenants business partners. They’ll be the ones watching over your investment, after

all.

When you are sound asleep, it is good to know your tenants aren’t throwing rowdy parties, and

staying up until all hours of the night. Noise complaints are the direct responsibility of the

landlord. With that in mind, if you want your tenant to be an asset, as oppose to a liability, and

take great care of your property, you have to go the extra mile for them. It is a partnership of

sorts, and this is why it is critical you treat them like a business partner. For example, if an

appliance breaks, have it fixed immediately. Tenants really appreciate a responsive landlord who

deals with problematic issues quickly. Just as they have to build rapport with you, as do you with

them.

Unless you’re renting out luxury homes and condos, don’t install any ‘extras’ in your investment

property. Avoid having things like garburators put into your rental. Don’t install water

purification systems, central vacuums, fireplaces, higher-end fridges (which have filtered water),

alarm systems, etc. All these things require maintenance, break down, and at the end of the day

How to Be a Great Landlord and Avoid Common Mistakes

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leave you with the unnecessary cost of maintaining them. Furthermore, these ‘extras’ won’t

increase your rental income, so what’s the point? You have enough things to deal with in life,

and much better ways to spend your time than by dealing with a tenant complaint because a fork

got stuck in the garburator (it happens all the time!).

The premise behind being a landlord is to build equity and cash flow without committing much

time. The first person your tenants call when something stops working is you. And the person

financially responsible for fixing things is also you.

Always buy investment properties for cash flow, and never buy for

appreciation. This one is a simple tip which ironically is often overlooked by

first-timers. Being a landlord is about getting paid to provide housing.

When looking to purchase an investment property, make sure you know exactly

how much you can rent it for (by checking comparables in the neighborhood).

Once you figure out the rental rate, deduct the property tax, insurance,

mortgage payment, contingency fund (annual contingency fund should be 20%

of annual property tax amount if property is within five years old, 50% if

property is near ten years old, and 100% if property is near twenty years

old). If, after the above mentioned expenses are subtracted from

your rental rate, you are in the positive, then, and only then, is the

investment property worth considering purchasing. In no instance

should you have to make more than a 25% down payment to cash flow. That

is my ceiling.

Unless your investment property is in a different city than where you live, manage it yourself.

Great landlords don’t hire property managers. This is important for two reasons:

* No one cares about your investment as much as you do. Chances are, you will do a

much better job managing it than someone else.

* Property management companies eat into your cash flow (typically 7 to 10% of

monthly rent). That, in many instances, will eliminate the majority of your monthly

profits.

Run it like a business. Being a landlord is a business venture. And, surely, if you can

successfully be a landlord once, you can do it again. With that in mind, if you own a few

investment properties, it is worthwhile to form an LLC, and transfer the ownership of the

building or suite to the company. This limits your liability and protects your own personal assets

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if the unthinkable happens and someone is to get injured in your suite. Talk to a lawyer and

accountant about this option for detailed advice.

While it does require paperwork and negotiations to transfer title, if you have a mortgage on the

property in your name, it isn’t that complicated to get done and is well worth it. Run it like a pro.

Don’t Be Scared - Educate Yourself and Get Started

Being a successful landlord isn’t hard. Many people will tell you that it comes with a lot of

unneeded stress, but I beg to differ. For me personally, it has been the best way to earn passive

income, and build my net worth over the long-term.

The wisdom contained in these pages was paid for, believe me. I made a lot of mistakes when I

first became a landlord, but have since learned what works, and what doesn’t. I know that if you

follow my landlord formula in these pages, you can maximize profits and avoid some of the

unnecessary problems I initially had.

As an added bonus, I’ve attached a complimentary Tenant Application below for you to use

when showing your rental property to prospective tenants. It is precisely the one I use and

requires all the necessary information you’ll need to make an informed decision on a tenant.

APPLICATION TO RENT

LANDLORD’S INFORMATION SHEET

PLEASE PRINT YOUR INFORMATION

Date

Address of premises to be rented

House/Condo/Apt. no.

Occupancy Date

Applicant’s Legal Name

Applicant’s Preferred Name

Date of Birth

Social Insurance Number

Driver’s Licence Number Province/Territory Issued

Make and Model of Automobile(s) Year Plate #

Applicant’s Present Residence

Daytime Phone Fax

Cell Phone E-mail

Number of adults to occupy residence

Legal names of adults to occupy residence (include applicant’s name):

Applicant

Spouse

Relationship

Relationship

Relationship

I understand that:

[ ] Smoking is not permitted

[ ] Waterbeds are not permitted

[ ] Pets are not permitted

[ ] Pets are permitted subject to acceptance of the Landlord’s Pet Agreement and Pet Rules

Pets to occupy residence

In case of emergency please notify:

Name Relationship

City/Town Province/Territory Postal Code:

Daytime Phone # Evening Phone #

Cell Phone #

Applicant is employed by Occupation

Applicant’s Office Phone #

Employed by Occupation

Office Phone #

Signature Date

Signature Date

Witness Date

The applicant declares all above statements to be true and accurate. This information is confidential and will not be

released to anyone without the consent of the applicant.

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The information I’ve shared with you in this E-book is not theory; it is my real life playbook for

rental property success.

These tips and strategies are precisely what I used to get to where I am today; and I will continue

to use them no matter what property I buy next.

As mentioned, I have made my fair share of mistakes along my journey as a landlord; but those

mistakes allowed me to sharpen my skills and taught me what works and what doesn’t. Don’t

beat yourself up over mistakes, simply learn from them.

I’ve spent nearly a decade building my online marketing company, investing in startups and real

estate, and running two online financial newsletters. Using the tips and strategies documented in

my E-books, there’s no telling where my entrepreneurial ventures will take me in the next

decade. That blue sky potential is exciting, and I hope this E-book has provided you with some

great ideas and motivation for your own landlord journey.

Be sure to stay up-to-date with www.CapitalistCreations.com as we publish motivational and

practical articles every week that will keep you on track to achieving your entrepreneurial goals.

We don’t preach about ‘get rich quick schemes’ at Capitalist Creations, because they simply

don’t exist. Becoming wealthy is a choice, and it requires preparation along with daily

motivation.

Welcome to the Capitalist Creations community. Please don’t hesitate to email us with any

questions you may have in the future.

Stay hungry,

Aaron Hoddinott

Wrapping Up

20

Aaron Hoddinott started his own public relations business at the age of 22. His company has

grown into an online PR & marketing brand which specializes in online marketing and

awareness for publicly listed companies in the biotech, natural resource, technology, and energy

industries. His business has helped raise awareness for over 50 publicly traded companies. Aaron

is the author of a financial newsletter which focuses on publicly traded startup and early growth

stage opportunities. His writing and commentary has been featured on:

TheStreet.com

Minyanville.com

TheDailyCrux.com

Trade King All-Stars

Investor’s Business Daily

and more...

Aaron is the founder of CapitalistCreations.com, a father, husband, investor and dog lover (as

well as a self-titled beer connoisseur).

Join Capitalist Creations’ fan page: https://www.facebook.com/CapitalistCreations

About the Author

IMPORTANT: Please read carefully before proceeding.

Aaron Hoddinott does not know your personal financial situation, risk tolerance or the regulatory

environment for landlords in your city. Therefore, the information in this E-book is of an

impersonal nature and should not be construed as individualized advice or investment

recommendations.

Much of this E-book is comprised of statements of projection. These statements involve known

and unknown risks, uncertainties and other factors that may cause actual results or events to

differ materially from those anticipated in such forward-looking statements.

This E-book represents solely the opinions of Aaron Hoddinott. Aaron Hoddinott is not an

investment advisor, real estate agent or accountant and any reference to investing in this E-book

does not constitute a recommendation thereof. Aaron Hoddinott is not a real estate lawyer, either.

Readers are encouraged to consult their investment advisor, real estate agent, real estate lawyer

and accountant prior to making any real estate investment decisions.

Thank you for reading.