Real estate has consistently been one of the highest rated investments available to individuals. TV shows certainly make rentals look easy and you may even know someone who has made a lot of money with them. Possibly, the thought has crossed your mind that if they can do it, you can too. Before you contract for your first investment, ask yourself some questions that could save you time and energy. Not all people have the time, the inclination or even the skill to manage property. Landlords need to be good business people who can maximize revenue and minimize expenses. If investors don't have the skills and talent to handle some of the repairs, they at least need to know reputable and reasonable service professionals. Another important element is to be familiar with the state and local landlord tenant laws. You'll need to know what are allowable security deposits and where the money can be held. Knowing how long you have to return it to ...
