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With homeownership comes great responsibility. When something breaks, stops working, or needs to be upgraded, there isn’t a landlord or property manager you can call to take care of it for you. It’s up to you to find a solution and, if necessary, handle the repair on your own. But in order to do so,

Novice landlords often absorb the myth that any income earned from your rental properties is profit. If you’re realistic, though, there’s a lot more to the picture. Budgeting is a big part of it. The income you earn from each unit may partly qualify as profit, but a good percentage also goes back into the

When you live a quiet, comfortable life without much conflict or trouble, it’s easy to feel like the world is good and everything is fine. However, when you start to interact with people from all different walks of life, you’ll realize that not everyone has the same good intentions and peaceful mentality. Don’t let this

People don’t get into the business of being a landlord because they want an easy, non-confrontational job where they get to clock in at 9 a.m., take a lunch break, and clock out at 5 p.m. There are plenty of reasons to become a landlord, but predictability and low stress aren’t among them. You don’t

When you’re getting ready to buy a property, whether it’s for you and your family to live in, or for you to use as an investment vehicle, you should have a property inspection done. A home inspection costs, on average, $315, but can help you find anything wrong with the home proactively—and potentially adjust the

You have a lot to do as a landlord. Properties don’t take care of themselves, and it’s your responsibility to see that your properties are in tip-top shape for your tenants. This often has you staring at an impressive number of items on your to-do list. Thinking about your to-do list isn’t necessarily a productive