5 Mistakes Landlords Make
Tags: knowledge broker, knowledge broker real estate, moving, relocating for moving, toronto real estate, newmarket real estate, new homes, new condos, investment property, mistakes landlords make, landlords,
Being a landlord sounds simple enough: buy a property, make a few renovations, find some tenants, make money. But what many future investors fail to know is how difficult being a landlord can actually be. Becoming a landlord requires you to think like a business professional. If you don’t you will end up making these 5 mistakes.
- Thinking Your Property Will Always be Rented
- Not Running Thorough Tenant Background Checks
- Neglecting or Discriminating Against Tenants
- Not Being The Go-To Handyman
- Not Learning About Your Tenants’ Rights
As the landlord, your primary job is to ensure your tenants and property are safe and secure. To ensure this you must read up on your tenant’s rights. Too many times landlords cross the line and find themselves in a legal battle. Before you buy an investment property team up with a landlord and tenant lawyer. Your lawyer will be there to guide and protect you from any infringements to your tenant’s rights.
If you are ready to take on the responsibility of becoming a landlord and do the work necessary click here to learn how Knowledge Broker can help start your journey.
At Knowledge Broker, our goal is to create an open-source of information for all our clients. We want to ensure that, at the end of the day, they get exactly what they want and what they need. If you know someone who could use our help or services please put them in touch with us or send us their details using the contact information below. And before you go, click here to take the Knowledge Broker Quiz and see exactly what we can do for you!
JOSHUA CAMPBELL (@knowledgebrkr)
Real Estate Broker
Coldwell Banker The Real Estate Centre, Brokerage
249 Avenue Road • Newmarket, ON L3Y 1N8