Owning property is an exciting investment opportunity with lots of prospects. It has the potential to transform your life forever. However, this can only be true if you do your homework well. The rule of business states that any investment with the potential to yield high returns also comes with high risks. So you need to take care of the risks to avoid any disappointment. This post will provide some useful landlord advice and information on what to expect on your journey.
Having a general picture of the life of a landlord is a good place to start. It may give you a good idea of what to expect. Erin Eberlin paints this picture for us in the following post:
5 Important Things to Know About Being a Landlord
The life of a landlord involves much more than just collecting rent each month. Successful landlords understand the importance of being educated about the law, being able to get along with many different personality types, and being adaptable to problems that can occur at any time of the day or night. Learn five important things anyone considering a career as a landlord should be aware of.
- Being a Landlord Is Not a 9 to 5 Job
The first thing to know about being a landlord is that most days are more spontaneous than structured. Read more at The Balance…
While being a landlord may not look like your typical job, you will learn a lot from the many adventures you will go through, as well as enjoy some rewarding returns.
As you make your plans to invest in real estate, there are decisions you need to make in a manner that will guarantee demand for your property. The following post offers key insights to implement:
10 tips every new landlord should know
Wouldn’t it be great if becoming a landlord meant all you had to do was purchase an investment property, then sit back and let those monthly rent payments pile up?
Aw snap! Truth be told, the life of a landlord consists of time-consuming legal responsibilities. Fortunately, following the right tips can take much of the stress and work out of your proprietor role. Here Baxton Property Management’s top 10 tips to help you feel at home as a new landlord.
Remember, your property is a business, not your home
When you make decisions about your property, it’s only natural to put on your tenant hat and imagine yourself living there. What would you want? How would you decorate?….
So, keep your interior simple and standard, with a neutral background that will suit all tastes — not just yours. Read more at Baxton…
Your decisions at the beginning of your real estate investment have the potential to set you on a path of success, or a very difficult journey. Choose wisely.
There are low moments for any investor and as a landlord, there are scenarios that you would best avoid. Zoe Dare Hall describes them in detail in the following post:
Five landlord disasters and how to avoid them
Here are five factors that can make life horribly difficult for a landlord of a buy-to-let property.
- Not vetting tenants properly
“All tenants seem lovely at the viewing. It’s like a first date. But if you don’t check them out properly, it can be the costliest and most painful thing ever,” says lettings director Marc von Grundherr at Benham & Reeves.
Besides interrogating the letting agent about their methods for tenant screening, which should include credit checks and comprehensive character and employment references, further insight can be gained from social media. Read more at The Telegraph…
With proper planning and determination, you have every reason to expect the results you have always wanted from your investment.
Should you get to a time when you need to transfer your property to a different location and need to sell your house fast, you can always sell to another real estate investor. Are you in Coconut Grove, FL and want to sell your house fast? Sell Fast Fair Offer is your solution.
We buy houses at a fair price, and you don’t have to wait for an agent to make the deal for you. You’ll sell directly to us and to make your job easier, we will foot your seller’s fees and pay you cash. Call us today on (305) 590-8500 and we will give you an offer within 24 hours. You then choose when to close. Learn more about us on our website.