20 Ways to Become a Successful Landlord
Passive income. Flexible work schedules. Sunny beaches and fruity margaritas. Living the dream!
Well, not exactly.
The Life of a Landlord
Being a successful landlord is one of the most risky and demanding jobs out there. Marketing, screening, lease renewal strategies, maintenance, accounting, Fair Housing laws, evictions…all part of the daily grind. Every day a rental is occupied you’re generating cash flow. Every day a rental sits vacant you’re burning benjamins.
For many accidental landlords and first-time investors, the reality of “landlording” turns out to be much more than they bargained for. The pressure of juggling multiple responsibilities can quickly become overwhelming. If I haven’t scared you off yet, you’ll be glad to know there are proven systems and strategies you can put in place to handle everything that comes with being a landlord.
In this infographic, myself and the team at Jacob Grant Property Management share 20 things you need to know to become a successful landlord. Each tip is derived from over a decade of experience managing hundreds of rental properties across East Idaho.