Investing in rental properties can be one of the most difficult things you do in real estate. It can also be one of the most profitable if executed properly.
Being a landlord is not exactly rocket science. You find a property, make subtle improvements, get good tenants and collect rent checks. Your rent checks should exceed the total monthly payments on the property, leaving with you a surplus. In a perfect world over time your tenants will pay down any loan balance you have, ultimately leaving with you a free and clear asset or maximizing cash flow. However, as you could guess there are plenty of issues along the way. Tenants do not always do their part and your property eventually needs updating. How you deal with these situations will go a long way to determining just how successful, and enjoyable, the property is. Here are five tips to help improve your bottom line and be a better landlord.
Original source: https://www.cthomesllc.com/2019/11/how-to-be-a-better-landlord