Renovation Success: No Longer a Rookie

1 Comment

Tim S. on 1 Apr 2017 at 2:38 pm

Congratulations on graduating from your first flip. Now on to 1st Grade of Landlord School, which will be a whole new experience. In tough economic areas, where land lording requires renting to folks living on Social Security, disability, or Section 8, there can be challenges securing rent and deposits from renters. In these poor area, there are more available properties than qualified tenants, causing many open units and many sleepless nights worrying over paying your monthly bills. In stronger economic areas, you may have more tenants than units, allowing you to be more selective and to charge a premium rent. Check out Lucas Hall’s Cozy.co and Landlordolgy.com for tools and tips on how to landlord your new rental biz. Be selective, inspect often, have a strong, thorough lease and enforce it; learn the tools and use them and you can be a successful landlord. Good luck.