Any advice before we become landlords???

[Christy Glenn]

Hello BP Members, 

Any advice is welcomed before we become landlords. 

Thanks!

Christy Glenn

[Linval T.]

@Christy Glenn -

Here are some tips that have served me well to date.

• Screen well and ensure you pick the right qualified tenant.
• Manage from your head and not your heart
• Don't become overly friendly with tenants, but, treat them with respect.
• Treat landlording as a business
• Ensure that repair requests are readily addressed. They pay rent and expect service.
• Act quickly on late rent payment and evict if needed based on State laws.
• Become intimately familiar with State laws. There are a lot of professional tenants who are very familiar with the laws regarding landlording and will take you to court as well.
• Do not practice to be a lawyer if you are not and hire one if needed.

Below, is a link that will take you to your State's landlord/tenant handbook. Now that you have the time to read it before becoming a landlord, please do so as it's worth it.

http://www.biggerpockets.com/renewsblog/2015/05/26...

Good luck, best wishes and keep us posted on your landlording success.