Going it alone is hard work. Connecting with landlord groups in your area could help you make smarter choices that improve your business without forcing you to work harder.
If you want to meet more landlords, try these four options.
Meetup.com and the Meetup app are useful ways to find landlord groups near your city.
The number of groups depends on where you live.
New York City and Los Angeles, for instance, have well over a dozen groups that focus on real estate and rental issues. Smaller cities will have fewer groups.
The site's focus on location is one of its best attributes. Instead of wading through organizations based in other cities and states, you can hone in on the ones pertinent to your area.
That's helpful because real estate laws and trends can vary considerably from place to place. Advice that works well in Portland, Oregon, may have the opposite effect in Austin, Texas.
Meeting with local landlords could also give you access to more investment opportunities.
If you don't know other landlords, then it is unlikely you'll find people who want to invest in properties with you.
Once you meet people with interests similar to yours, you can start planning projects that you couldn't afford on your own.
Meetup.com is an easy, effective way to organize group meetings, but it has a relatively small membership.
With about 23.65 million members worldwide, it pales in comparison to a site like LinkedIn, which has over 400 million members, putting you in contact with a larger, more diverse group of landlords in your region.
LinkedIn also offers some features that you won't find on a site like Meetup.com. LinkedIn has a blog publishing platform that can help you decide who you want to meet, and you can use it to share your expertise to attract other landlords in your area.
With LinkedIn, you can also see what other landlords are interested in and what level of experience they have.
If you've been a landlord for 10 years, you might not care about joining forces with someone who just got into the business.
If that person has a degree in business or law, though, you might change your opinion quickly.
With over 1.55 billion monthly and 1.01 billion daily active users, over a third of Internet users worldwide have Facebook accounts.
That alone makes the social media site a must-have tool for landlords.
With Facebook, you can meet, send messages to, and coordinate plans with other landlords in your area.
If you decide to expand into another city, you can use the site to find landlords there who can offer suggestions.
Facebook is more than a site for sharing crazy memes and posting political rants.
Everyone you meet, including tenants and other landlords, will expect you to have a profile.
Not everyone's into the digital revolution. Some landlords in your area probably don't use apps or websites.
Despite the Internet's usefulness, there is an undeniable charm in meeting people face-to-face.
That's where landlord seminars come in.
Landlord seminars give you a chance to meet people, shake their hands and look them in the eyes.
They're also a great way to meet people who aren't connected to you online.
If you're going to a seminar, though, you have to prepare for intensive networking. Make sure you:
- Bring plenty of business cards.
- Set a goal for how many people you want to meet.
- Jot down notes after conversations.
- Keep track of contacts so you don't forget who they are.
You will likely get the best results by using more than one of these options.
Remember, the more people you meet, the more resources you have.
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