Key Takeaways Set specific investment goals and buying criteria before you begin your property search to make the buying process more efficient. Clarifying your goals will make it easier to choose properties that fit your financial and lifestyle priorities. Calculate cash flow potential Consider projected rental income, property expenses, and areas for renovation and appreciation. […]
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. […]
