You don't need to be a contractor to flip houses, but you do need to know the fundamentals of budgeting and pricing your renovation.
This book gives you the tools needed to produce the income you desire on your first—or next—flip!
As a landlord, you have a lot to deal with when it comes to managing your property and tenants, which is why BiggerPockets wants to make it all as easy as possible. We have taken the time to collect the best of the best to help you with your landlord needs. If you are looking for help screening tenants, finding tenants or collecting rent, we have you covered.
Tenant screening is the most important thing that you can do as a landlord in order to protect yourself, your property and your other tenants. If you are a landlord and unsure on if or how you should screen your tenants then you should consider the following benefits to screening:
Screening potential tenants can prevent losses of thousands of dollars in damage, unpaid rent, and court costs associated with evictions. However, if you do not screen properly or use the right metrics to evaluate potential tenants, you may waste your time and money and still be unprotected. It is important to include the right screening protocols in your tenant background checks.
When you are a landlord, one of the decisions you will have to make is hiring a property management company, or managing the property on your own. Property management companies deal directly with prospects and tenants, collect rent, handle maintenance and repair issues, respond to tenant complaints and can even help handle evictions.
Now that you have a better understanding of what a property management company can do for you as a landlord your next question might be, “when should I hire a property management company?”. You may want to start considering hiring a property management company when:
Let's get you started in the right direction. Finding a great lending partner can be a real challenge for real estate investors. Use our guide to choose the right loan option for you.
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