Importance of Real Estate Mentors

As you are getting started in real estate investing you are going to have a lot of questions and concerns:

1)  How much should I charge for a late fee?
2)  When should I send a notice to quit?
3)  Do you know how to fix a leaky toilet?
4)  Did I make a horrible mistake?
5)  When should I sell?
6)  What accounting software is the best?

You'll be confronted with these and other similar thoughts at some point.  A book and even the best blog won't really be able to answer them.    

This is where a real estate mentor comes in handy.  They can commiserate with you when tenants are being high maintenance or refusing to pay.  They can advise you on basic repairs and share a few war stories that will reassure you that everything will turn around.

It shouldn't be too hard to find someone like this.  Surprisingly many people you already know will probably have their hand in real estate in one way or another.  So learn from their wisdom and optimism and be prepared to reciprocate for someone else when you have a little experience under your belt.