Rental property advisor for new investors

First-time landlords, people with savings or a 401(k) they want to put into property, and out-of-town investors who want an independent second opinion.

Flat fee per deal review, hourly consulting sessions, or a package covering market choice, deal analysis and a buying checklist.

• Comfortable with spreadsheets and basic property math
• Knowledge of local rents, taxes and neighborhoods
• Clear, honest communication

• Check your state's real estate commission rules on what counts as brokerage activity, since negotiating deals or taking referral fees may need a license
• Never promise returns, and add a clear disclaimer that you are not a financial, tax or legal adviser
• Consider professional liability (errors and omissions) insurance, and ask a local insurer what fits
• Check whether you need a local business license or home occupation permit, and any HOA or lease limits

Startup costs are typically around $500 to $2,500, depending on tools, insurance and any business license or permit your area requires. Consider professional liability insurance, and ask a local insurer what fits.

Monthly revenue is typically around $1,000 to $5,000, depending on how many clients you take on and whether you charge flat or hourly fees. It's an estimate, and you can start at about 8 hours a week.

Check your state's real estate commission rules on what counts as brokerage activity, since negotiating deals or taking referral fees may need a license. Also add a clear disclaimer that you are not a financial, tax or legal advisor.