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What to Do About a Rental Property Problem The first step is to keep calm.

By Mark J. Kohler

Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Mark J. Kohler explains how to handle rental property issues.

Rental property can be an excellent investment, but with any investment comes risk. From a downturn in the economy to bad tenants, there are a number of potential problems. Be proactive and consider solutions ahead of time.

Kohler lays out his "Problem Property Matrix" that can help you determine the best route to take when solving a property problem, highlighting the relationship between cash flow and equity.

The most important steps you can take are to refrain from letting your emotions get in the way and hold back from making any short-term decisions. Staying calm and rational will help you steer the crisis in the right direction.

To learn how you can cope when faced with a property problem, click play on the video above.

Watch more informative videos from Mark J. Kohler on his YouTube channel.

Related: 4 Rules for Successful Crowdfunding

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Mark J. Kohler

Entrepreneur Leadership Network® VIP

Author, Attorney and CPA

Mark Kohler, M.PR.A., C.P.A., J.D., is a highly respected Founding and Senior Partner at KKOS Lawyers, specializing in tax, legal, wealth, estate, and asset protection planning. With a reputation as a YouTube personality, best-selling author, and national speaker, Kohler is dedicated to guiding clients through complex legal and financial landscapes to achieve their American Dream. He also serves as the co-founder and Board Member of the Directed IRA Trust Company and has launched the Main Street Certified Tax Advisor Program to train CPAs and Enrolled Agents nationwide. As the co-host of The Main Street Business Podcast and The Directed IRA Podcast, he simplifies intricate topics like legal and tax strategy, asset protection, retirement, investing, and wealth growth. Mark Kohler's commitment to helping entrepreneurs and small business owners attain success and financial security has made him a trusted expert in the field, benefiting countless individuals and businesses in navigating the financial and business world with confidence.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

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