Investing in rental properties: tips from a real estate investor - Business Insider

is a seasoned real estate investor who retired at the age of 37 and makes roughly $15,ooo a month in passive income from his rental properties. ," hosted by Nick Loper, Heiner revealed how he went from working in a local government office to working for himself, and laid out the steps investors should take before deciding where to buy property.

In 2016, he had around 26 properties, so he quit his day job and focused full-time on rental property investments. He said that today, he owns over 30 properties. The most important hire, according to Heiner, is the property manager. He suggested interviewing at least six different property managers before narrowing in on one.

After the Illinois experience, Heiner said he realized he didn't need to fly places to build out a business there, he could do it remotely. Of course it is important to have savings set aside to cover things like repair expenses, but, at $100 a property, that doesn't leave a ton of money to live on, he explained.

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At that rate of income, there is nothing passive about it It's a full time management job

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