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2020-12-10 Advice For New Landlords | By: Jeff Taylor

HOW DO I SURVIVE NOW?
 by Mr. Landlord

Landlords reveal what advice they would tell a new investor if they asked about being a landlord now (especially given the current state of affairs):
 
  • *Check your state and local laws carefully (particularly for various state and federal eviction restrictions and moratoriums.
  • *Work alongside a seasoned landlord for one month as an unpaid intern. 
  • *Screen potential tenants like your livelihood depends upon it, because it does depend on it.
  • *Spend one hour every day reading landlording forums like MrLandlord.com/LandlordForum.
  • *Create or modify your lease so that it covers EVERYTHING. Have a real estate attorney review it.
  • *Don't be in a hurry to buy a house, and don't fall in love with the house you're buying.
  • I also add my two cents: Right from the start, learn all you can about how to run a rental business (not just how to manage properties), AND put your trust in God.
 

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