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Your investment income comes from rent money you collect from your tenants. Until your mortgage is paid off, you aren’t technically making a profit. However, rent money is still monthly income you can spend on bills like your mortgage, insurance policies, property taxes, repairs, and renovations. If the COVID-19 pandemic is preventing you from getting

Worst-case scenarios are an unfortunate, if hopefully occasional, reality if you’re a landlord. It’s not unreasonable to accept that you might face one of the following challenges at some point in your career as an investor. You’d be smart to prepare for the worst but expect the best. If you end facing any of the

Rent collection is probably going to be one of your most gratifying responsibilities as a landlord. It’s a deceptively simple practice—all you have to do is collect money from your tenants at the first of the month (or whatever date is specified by your lease agreement)—and you’ll enjoy the influx of cash however you like.

The profitability of your rental property depends on your major source of income—rent from tenants. If all goes well, you’ll be able to collect rent, reliably, on a monthly basis, in excess of your ongoing expenses. You’ll easily meet all your ongoing costs, with a bit left over to serve as profit, all while your

If you’re a landlord, you probably have a lease agreement or rental agreement for your tenants, outlining the rules and restrictions for the property, setting rent prices, and outlining a period of time during which the agreement is active. If a tenant breaks the lease agreement early by moving prematurely, they may face a penalty

Nobody rents out a property thinking they’ll need to evict a tenant later on, but sometimes eviction becomes necessary. A tenant who starts off stable could lose their job unexpectedly and be left without a reserve to pay their rent. Sometimes tenants are on their best behavior until they get into the unit and then