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Tips for First Time Landlords

December 4, 2013

Although home prices are rising, there are still plenty of good deals to be found in the market. The low prices on short sales and foreclosures have made lots of folks consider investing in real estate for the first time by becoming landlords. If you’re considering buying an inexpensive property and renting it out can be a great way to generate some additional monthly income, but it’s not exactly a walk in the park. Landlords have lots of responsibilities, both financial (paying the mortgage, maintaining the property), and social (dealing with noise disputes between tenants), and you may end up putting in more time than you’d expect.

If you’re thinking of taking the leap, check out this article on Realtor.com, full of tips for first time landlords and learn some simple ways to make sure your property is an asset, and not a money pit.

Image: Brooklyn Apartment Building Print, $45

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