Why Did I Become a Landlord?: The Things You Need to Know Before You Take That Leap of Faith
Landlords do more than just collect rent. They also deal with tenants who do not pay, maintain properties, and cope with all the problems that come with being a landlord. It’s a business that can still be lucrative for those that arm themselves with knowledge. As someone with twenty years of experience in real estate, Karl Wideman shares the tools you need to succeed. In this guide, you’ll discover: • how to evaluate properties for purchase; • tips on selecting good tenants and evicting bad ones; • the best ways to maintain your properties; • what you can reasonably expect as a landlord. If you are thinking about becoming a landlord, or if you are already one but don’t have a game plan, then you need the tips offered here. Avoid mistakes and pursue a strategy that will make it easier to become successful. This is one guide you’ll refer to whenever you encounter problems that lead you to ask: Why Did I Become Landlord?
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One The Model Tenant vs The Pesky Tenant
Two Dos and Donts
Three Joys and Benefits of Rental Properties
Four Advantages of Living in Your Rental Property
Five Location Location Location
Six Buying a Property to Rehab or one that is in Decent Shape
Seven How Much to Spend on Rental Property
Eight Advantages of a Flat Roof vs a Pitch Roof
Fifteen Handing Over the KeysHaving Tenants Sign Pictures
Sixteen Collecting Rent Payments
Seventeen Things to Expect
Eighteen Service Calls
Nineteen Cost Saving Tips
Twenty Stress and Rental Property
Twentyone To Keep a Tenant or Not
Twentytwo What Happens When You Fall Behind on the Mortgage?
Nine Securing Your Rental Property
Ten Getting Apartments Ready to Rent
Eleven Using Agencies or Not?
Twelve Tenant Screening
Thirteen Rules of the Building
Fourteen Security Deposits or Not?
Twentythree Eviction Day
Twentyfour Liabilities of Owning Rental Property
Twentyfive Violation Court
Twentysix The Award Seeking Tenant
Twentyseven Final Words
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