The biggest problem with being a landlord is having to find tenants. The more properties you are the landlord of, the more tenants you have to find. Unfortunately, you also have current tenants you have to keep happy and properties you have to tend to. This whole thing turns into a very busy cycle where you just do not have enough time.
Mark Zawaideh
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There is a lot of information a landlord needs to have in order to be a landlord. Unfortunately, it isn’t all gumdrops and roses. For example, landlords needs to understand what evictions are and what the rules regarding them are for the area they rent property. This is the only way a landlord can evict a tenant without getting in trouble.
It’s very important for landlords to run a credit check on a potential tenant. It’s actually one of the most important things you’ll want to do as a property manager because you’ll lower your personal risk of getting stuck with a renter that doesn’t pay their rent.