4 Steps to Achieving Landlord Bliss

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If you’re ready to walk in the footsteps of those who have made money investing in and renting out real estate, you’ve got your work cut out for you. However, it’s not necessarily as scary as it might sound, and even the average Joe can make an impact on their income by selling long or short-term time in their empty space. Here are three steps to make it happen and resources you can use while you’re on your way to becoming a landlord, presented by Centerco Properties.

Step 1: Get Your Finances In Order

Obviously, you have to have cash reserves to fund your dreams of real estate ownership. But there is more to it than just the numbers attached to your bank account.

Step 2. Prepare Your Rental for Occupancy

What do renters want? If I add a pool, how do I keep it safe? These questions and more are answered below.

Step 3. Creating a Competitive Rental Business

Step 4. Don’t Do It Alone

You’re going to wear many hats as a property owner, but there are some you don’t have to don.

There are three key takeaways here. First, you need impeccable credit and money to back up your aspirations. Second, it pays to know where to spend that money. Third, like all businesses, running a rental operation requires help. These links can serve as stepping stones as you learn to navigate the rugged terrain of operating a rental business.

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