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A second home is a great investment: until all of a sudden, it\u2019s not. But how can you avoid pitfalls and high costs of a second home investment?\n\nLet\u2019s say you find affordable real estate, and are looking at getting into purchasing it as an investment home. How will you know that it\u2019s a good investment? And how can you make sure that you find the right kind of tenant? How can you avoid the house eating all of your profits?\n\nFor those of us who are serving second home buyers, there are a lot of questions that can help them get the absolute best investment. By knowing the right questions to ask, and helping steer them towards the right strategies for buying, tenanting, and managing their property, we can make the investment process easier!\n\nToday, Heather Connor is here on the podcast to share her best advice for those looking at investment properties. This episode will help you serve your clients more effectively, teaching you the right questions to ask, and how you can guide your clients toward the easiest experience ever.\n\nHighlights of this episode:\n\n\n\nTom introduces Heather, her area of expertise, and how she is connected with real estate.\n\n\nDo you ever help clients look at potential rental units and think \u201cthat\u2019s not safe.\u201d?\n\n\nYou should KNOW what kind of investment properties you want: have a list beforehand. \n\n\nWhen you rent the right kind of property, your goal is to get fewer complaints from tenants.\n\n\nFixing stuff constantly costs more time and energy than it is worth.\n\n\nKnow the market: don\u2019t be the kind of investor who takes on just anybody, or any property. Be aware of potential red flags!\n\n\nUse guidelines for your decision-making process.\n\n\nThis is not an easy business! You\u2019ll have to make hard decisions.\n\n\nHiring a property manager can be an intimidating process at first.\n\n\nBuying an investment property? Be aware; you\u2019re buying a job!\n\n\nFor agents, don\u2019t be afraid to defer buyers to property managers for the best data.\n\n\nListen to experts to know what needs to happen with properties. That will help you get the best money.\n\n\nThink about your mental health.\n\n\nUse tools to measure risks, and use systems to mitigate those risks! Think ahead, and protect yourself from lawsuits.\n\n\nKNOW YOUR PROPERTY.\n\n\nDo your best for your renters! \n\n\nMake sure you have a contract to protect both you and your tenant.\n\n\nBe informed: knowledge is so important to you in this process of having an investment home.\n\n\n\nHey everybody, thank you so much for spending time with us today: would you do me a giant favor and share this podcast with fellow realtors, and leave a review. Your reviews help this podcast get shared with more people.