Here's something no one has ever done until he or she became a landlord:   Determining the proper amount to charge in rent for a property.  You certainly know what your monthly cost is and you've probably had an appraisal done recently.  Unfortunately, these valuable steps are just the beginning.  There are many factors to determine when establishing the rental rate for a property.  If you are going alone (without the assistance of a property management firm), the whole process can be pretty bewildering.

Are you in a position to consider buying your first investment property? Congratulations! Relatively recent studies have shown that the average return on rental investments is almost twice as high as the average return on the Dow Jones market. You may be entering an excellent opportunity for a passive income stream to fortify your earnings.

We aren’t born to be landlords. There is no inherent knowledge provided to us by the heavens of the proper way to manage rental properties  and tenants. It’s something we learn, often on the fly, after we have acquired the property and usually after we have installed tenants.

Learning from mistakes is the costliest way to become a landlord. This blog post will help you avoid some of the most damaging mistakes that landlords often make, and help you protect your investment and profit-margin.