Ready to sign up some tenants? Here are some tips to be a successful landlord.
Know Your Market
Just as you perform careful and persistent work property and its condition, you should also do your homework on the area’s rental market to determine the demand for your property and the rent you will charge.
Polish Your People Skills
Successful landlords always find good tenants and continue to have them.
Get Some Digits
You should handle all the annual touch-up work on your property, if you are unsure on what needs repairing or how to repair it then you will need to get the phone numbers for reliable repairmen.
Protect Yourself and Your Investment
The insurance coverage you need as a landlord is different than what you have as a homeowner. Contact your insurance agent to make sure you’re covered.
Another Option for You
Many REALTORS® specialize in property management and can take care of related duties including handling leases, managing funds and screening applicants.