Being a landlord is not at all as easy as it appears it is. If you are the type of person who is prone to stress, this may not be for you.
Dealing with tenants takes up valuable time. This is true, especially with the non-payers.
Then there is the unexpected. One winter in 2013, two of your 20-unit buildings with a central boiler system had burst. Are you ready to receive a call from your tenant that water was flooding all over the place?
All things considered and you decided that becoming a landlord is for you, here are two tips in getting started.
- One important thing you should do first is to make sure that you’re fully immersed yourself in the landlord/tenant laws of your state and locality?
- This is a business and must be treated as a business.
Infographic Source: https://www.moneylogue.com/how-to-become-a-landlord-10-steps-to-take/