Are you new to the rental property scene? Learn what mistakes to avoid so you can have a prosperous real estate investment with less stress—and more money. Rental properties can be an excellent investment, however, you have to be sure you are on top of your game as an owner and landlord. Otherwise, you could be dealing with tenants who disturb others, don't pay rent, or leave you with a damaged rental unit (and a hefty bill) when they leave. There are disadvantages to every situation, but don't let that prevent you from getting into the real estate investment game. You just need to know how to protect yourself and your rental property. Here are five major mistakes to avoid when you own and rent a home (or even just a room), so you can focus on making money—not pouring more money into a poorly managed investment. Not following through with background checks. One of the most important things you can do as a landlord is to run background checks on potential tenants. This can ensur...
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