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Newbie...in many ways!
Hi John, thanks for the welcome! We're closing on our first investment property (rental home) tomorrow. This is actually our second investment...the first was several years ago when we picked up a nice lot "inside the Perimeter" of Atlanta, intending to build on it. Instead a couple of years later we decided to do a gut rehab on another house and sold the land to finance the construction; we were pleasantly surprised to find it appreciated - and sold for - 50% more than we paid for it.
So, we're ready to go again. This house, we hope, was a good choice. A 4/2, two years new, only occupied for 6 months before the foreclosure (they never made a payment :-( So now the fun begins.
I'm interested in learning from the group: what's your "top 3" pieces of advice for a new landlord?
So, we're ready to go again. This house, we hope, was a good choice. A 4/2, two years new, only occupied for 6 months before the foreclosure (they never made a payment :-( So now the fun begins.
I'm interested in learning from the group: what's your "top 3" pieces of advice for a new landlord?
