Live, Laugh, Lease: Four Essentials For Accidental Landlords

Posted by Staff Reporter on Jul 19, 2019 02:52 AM EDT
  • email
  • print
Close
Live, Laugh, Lease: Four Essentials For Accidental Landlordsmore big
Live, Laugh, Lease: Four Essentials For Accidental Landlords (Photo : pixabay)

If you recently moved from your home and leased it out, or inherited a rental property, you're in one of the largest demographics of real estate investors: accidental landlords. When it comes to leasing, the learning curve is a harsh one.

I kept my first home as a rental property after I moved out and thought I could handle managing it myself. Worth noting, this was before I was in the property management business myself. I didn't yet understand what managing a rental would entail, and things went south before long. I wound up dealing with an eviction lawsuit and a lot of learning experiences.

It takes more than a keen business sense to lease property in a way that maximizes profitability, meets all necessary legal requirements and protects you as an owner. Here are four tips to steer you straight in the complex process of leasing.

Full Article

Get the Most Popular RealtyToday Stories in a Weekly Newsletter
RealtyToday Best Deals
Real Time Analytics