tenants: Thinking About Becoming a Landlord? You Should Know This
- 12/10/11 09:58 AM
Landlording is a great business for some…and poor business for others. It’s an attractive idea and there are certainly many “investment” properties on the market with happy taglines like “live mortgage free!” and “investor special”. But there are some things you should know before starting your adventures as a landlord. Even before you think about cap rates, repairs and building structure. It might sound simple, but real estate pros warn that there’s a lot to know. The landlord who doesn’t follow such basic guidelines as conducting a thorough background check can get stuck with a nightmare tenant. It takes both … (5 comments)
Landlording is a great business for some…and poor business for others. It’s an attractive idea and there are certainly many “investment” properties on the market with happy taglines like “live mortgage free!” and “investor special”. But there are some things you should know before starting your adventures as a landlord. Even before you think about cap rates, repairs and building structure.
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