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Be realistic about what you can handle as a landlord
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This article was originally published a year and a half ago. It has been updated and revised.
So, You Want to Be a Landlord? - Wright Residential
Read reactions to its initial run in this follow-up article. Selena Maranjian patronized landlords for nearly two decades before finally buying her own home recently. For more about Selena, view her bio and her profile.
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The Motley Fool is Fools writing for Fools. Updated: Feb 14, at PM. Published: Sep 7, at AM.
Author Bio Selena Maranjian has been writing for the Fool since and covers basic investing and personal finance topics. For more financial and non-financial fare as well as silly things , follow her on Twitter Follow SelenaMaranjian. Stock Advisor launched in February of Join Stock Advisor. WMT Walmart Inc. Read More.
2. Partner With The Right Investor
Photograph the unit before renting it. Declare the rental income. By law, a landlord must declare the income received from an income property. And if you think you can get away with renting out your unit to Airbnb tax-free, think again, adds Posner.
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So you want to be a landlord? Sure, you've got rights under Iowa law. So do tenants.
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