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Reply to "how to be a successful landlord (i.e. right way to choose tenant and avoid problems)"
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[quote=Anonymous]I have three successful rentals in the 5k / mo range. I have a good formula but it took me a long time to get there. You should make your house look as good as you can. Clean every inch and make it shine. Offer lawn service - raise the rent to cover it. Get someone to clean the gutters twice a year - tenants never do it even though it’s usually in the lease. Be respectful and business like with your tenants but not super friendly. Most importantly familiarize yourself with the lease thoroughly so you know what is your responsibility and what the tenants responsibilities are. If you are going to rent to military know exactly what happens if they get transferred and need to get out of the lease early. If you get tenants who complain about every little thing offer to let them out of the lease. [/quote]
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