Key Takeaways Carefully screen tenants by defining an ideal tenant profile, verifying income, conducting credit and background checks, and contacting previous landlords to ensure reliability and compatibility. Draft a comprehensive lease agreement that spells out the particulars of rent, maintenance obligations, house rules, and pets. Doing so will keep disputes and misunderstandings at a minimum. […]
Key Takeaways Screen tenants carefully to protect your investment and ensure you’re not taking on unnecessary risks. Set objective criteria, conduct income verification, and complete a thorough reference check to choose trustworthy tenants. Save yourself some serious headaches by following fair housing laws and treating all applicants consistently and without discrimination throughout the screening process. […]
Key Takeaways In contrast to residential properties’ tangible ownership and long-term stability, stocks deliver intangible assets with greater ability for short-term market swings. Consider how comfortable you are with tangible/illiquid vs intangible/liquid investments. Real estate often requires active management, including tenant relations and property upkeep, whereas stocks allow for more passive investment strategies. Think about […]
