If there’s anything the Airbnb economy has taught us, it’s that there’s money to be had in renting out houses and apartments.
With interest rates low and the rental market strong, some enterprising Americans are buying up properties and taking on tenants. It’s big business: Landlords and real estate investors lease roughly 44 million single-family homes and house 60 million people, a recent study by Real Property Management found.
The best way to be a successful landlord is to be prepared — for tenants who don’t pay rent, noise violations, and property damage. Evicting a terrible tenant can be tough, as many states and municipalities have landlord-tenant laws that favor renters. Here’s how to find the perfect tenant — and get it right the first time.
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