Landlording does have its challenges, but it can be immensely rewarding and profitable. There are several stages that overlap before you get to the point of owning a profitable rental property. Most rental properties initially, make terrible rental properties because they don't generate cash flow, that is, the extra monthly income you get to keep, after paying bills. It's important to figure out your budget to ensure the property will eventually produce a cash flow. It's also important to ensure that your property is rent-worthy for tenants, that way your rental price is justified. Determining a rental price must be dictated by supply and demand, rent charged at nearby homes, the amenities offered etc....read more.....https://www.biggerpockets.com/guides/landlord-rental-property-management
How to be a Better Landlord: Property Management for Real Estate Investors.
Eddie Miller - Thursday, June 4, 2020