"Landlord Associations can be of Value"

As a small multi-family rental property investor, consider joining one of the landlord associations in your area. In some areas, this may also be known as a "real estate investing club." Whatever they're called, they can offer helpful educational and networking opportunities.

To find an association in your area, try doing a search here.

OVERVIEW OF ASSOCIATIONS

The term real estate investing club may actually be a more accurate description, because that is what these are – clubs. Typically, each club will have monthly meetings at local hotels featuring seminars, guest speakers, networking opportunities, etc.

You will have an annual membership fee that generally ranges from $70-$150 per year. Non-members can normally attend meetings and pay a 1-time fee of $20 on average.

In addition to the meetings, many landlord associations offer newsletters, and discounts on events, seminars, and products or services.

BENEFITS OF ASSOCIATIONS

• Access to educational materials to help you learn the business, avoid common mistakes, and keep up to date on legislative developments.
• Networking opportunities with other investors, some of which you might be able to do business with.
• Interacting with other successful investors can be motivating.
• Discounts on products (paint, office supplies, etc.) and services (legal, accounting, lenders, contractors, tenant screening, etc.).

BOTTOM LINE

An association or real estate investment club is worth joining if you can find one locally. The ability to interact with other like-minded investors alone is worth the price of admission. Plus, the discounts often pay for the annual membership fee.

So, whether you're a new or seasoned investor, landlord associations offer good value for the dollar.

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