INFOGRAPHIC: 20 Things You Need to Know to Be a Successful Landlord

Passive income.

Tax deductions.

Flexible schedules.

The life of a landlord. Sounds like a dream, right?

The truth: 

Being a landlord is extremely demanding, at the best of times.

Lease agreements, marketing, Fair Housing laws, tenant screening, evictions, property maintenance…just to start.

All routine tasks. All essential to the successful management of a rental property.

For many first-time landlords and seasoned veterans managing multiple investments, juggling all these responsibilities can quickly become overwhelming.

Without realistic expectations and a solid system in place the dream of being a landlord can quickly turn into a nightmare.

This infographic outlines 20 things you need to know to be a successful landlord in 2015 (and beyond). Each tip is derived from over a decade of property management experience.

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Jake DurtschiThis post was written by Jake Durtschi, owner of Jacob Grant Property Management located in Idaho Falls, Idaho. Jake and his team manage over 400 rental properties in east Idaho.

 

 

 

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  • Jackie Kellner

    Very informative and structured guidelines. Here is my thoughts concerning screening process of applicants. Credit check are references are highly important. However, landlords should also conduct an interview with the potential tenants to make sure they are comfortable communicating with renters. Throughout don’t forget that it is illegal to discriminate against tenants based on the such criteria as color of the skin or national origin, race, religion, family status or a possible disability. And questions that should be asked are well described here https://rentberry.com/blog/potential-tenant-interview.