Being a landlord is running a business. You get to wear the hats of operations, marketing, sales, finance, legal, and maintenance all in one. That may seem like a lot, yet with proper preparation and the right support, being a landlord can be a fulfilling and profitable business venture.
Pew research center states that Renters headed about 36% of the nation’s 122.8 million households in 2019, the last year for which the Census Bureau has reliable estimates. “ This means that 44 million households are renting their primary place of residence.
In July 2022, NPR published a report on the U.S housing shortage a situation that is expected to get worse rather than better. Developing a reputation as a fair and responsive landlord can keep your vacancy periods to a minimum, attract respectful tenants, and enable a reliable source of income.