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A simple and effective way to avoid future headaches is to require proof of income from potential tenants. In order to determine if a potential tenant is going to become a liability or an asset you’ll need to find out some information about them. All financial factors should be considered and analyzed. For example, you’ll want to know how much does the person make? How much can they actually afford? Most importantly, can you verify his or her claims?
Damage to a rental property can be a huge headache for a landlord. This is not only because it can compromise the profitability of your investment, but because it can also result in further damage to the home. Tenant damage can also lead to disputes and disagreements between owners and tenants.
Making improvements to your rental property is often viewed as a strategy to increase the net operating income of a property. However, deciding which improvements will give you the best return on your investment can be tough, especially when prices are surging.