Rental property can be a great investment, but can also be a
disaster if your knowledge of the process is inadequate. Follow these tips in
order to turn a good profit.
Simple suggestions to help your landlord or property
management business run smoothly.
- Acquire Smart Investment Properties
- Make Sure Your Understand Landlord-Tenant Law
- Screen Your Tenants
- Get Everything in Writing
- Be Good (but Firm) with Your Tenants
- Be Sensible About Property Improvements
- Budget for Problems
- Follow Your Instincts
- Distinguish Fact from Fiction
- Protect Your Interests
- Screen tenants.
- Handle security deposits properly.
- Make repairs.
- Provide secure premises.
- Provide notice before entering.
- Disclose environmental hazards.
- Oversee managers.
- Obtain insurance.
- Resolve disputes.
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