Have you ever thought about investing in rental property? Apartment buildings, condominiums, rental housing... all of these properties can be lucrative investments. Or they can be disastrous money pits!!!
TIPS!
1.Have a property management firm screen your tenants
2.Require that your tenants have renter's insurance
3.Make sure your property is protected for vandalism due to the tenant not taking care of the rental
4.Make sure you have insurance that covers you for fair rental loss
5.Make sure you have adequate limits of liability
Thanks for sharing such useful landlord investment tips,Becoming a landlord isn’t the same as purchasing and living in a personal residence. Most people understandably feel a deep emotional attachment to their own home. It includes personal possessions that hold sentimental value.An investment property requires a different mental paradigm. It’s important to go into each out-of-state real estate purchase without any emotional ties.
ReplyDeleteThanks & Regards
New York Land Survey