You have an amazing rental property being advertised, you go through the applications, find a great tenant, and sit down to go over the lease agreement. Stop. Are you ready to go over the lease agreement? It is important to make sure your tenant understands all of the finer details of the agreement. In order to do that, you need to make sure you know how to review the agreement in the right way.

When you decide to become a landlord and rent out your property, there are some disadvantages to expect. It can be very rewarding and profitable if you know what you’re doing. It also can lead to some disappointments and situations that make you feel at a disadvantage.

When you’re trying to think of ways to customize your rental home, you need to keep in mind that the customizations can’t affect your lease agreement or affect a deposit. For example, in most cases you can’t change the structure, the electrical, plumbing or other permanent changes when the lease states that it’s not to be altered.