A rental property (or a rental suite in your home) can be a fantastic source of income. It can also be a major source of headaches (and costs) if you don’t take steps to protect yourself. This landlord’s helper infographic is designed to help you protect yourself. There are quick reference points and topics that are critical for landlords.
This was 2006 and the real estate market was still hot. This is how I was able to start in rental property! I crunched the numbers and figured out that the rental income would more than cover my mortgage, insurance, association fees, and repairs. We also had enough money for a 10% down-payment for a new home so we didn't need to sell the townhouse to buy a new home.
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