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Becoming a Landlord

Posted on December 5, 2014

iStock_000020499093Medium-347x459If you have been following housing reports, you already know that first-time home buyers are a declining group. It might even have you thinking that if fewer people are buying starter homes, then the Destin rental market has got to be booming. If that is the case, why not buy an income property and become a landlord?

Well, if you have never been a landlord, you may want to consider buying a property near your current residence. Not only will this allow you to check on your investment periodically, but take care of repairs and show it when it comes time to re-rent.

Additionally, if you want to become a landlord, you may want to make sure that you can enforce the fact that rent needs to be paid on time. It may seem like a no-brainer but it is easy for tenants to take advantage of a situation. This also leads into the importance of screening.

The list of landlord responsibilities go on. If you already own an investment property, consider contacting our friends at Southern Residential Leasing to help you manage the day-to-day tasks. If you are still looking for a second home, call Brad today and he will help you find the perfect, renter-friendly space.

Posted in: Real Estate Tips, Residential Leasing |Tagged: , , .

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