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The TOP 3 ways to fail as a landlord
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Throughout the years of managing rentals, I’ve learned that there are 3 top mistakes made by landlords that can cause them to fail as such.
The first mistake is not knowing the laws and regulations for rentals, fair housing, fit premises act, IRS, taxes, and so on. This can cause a lot of problems and expenses in fines.
The second mistake is not having a budget for your rental. Granted that you will have to make repairs so you have to be prepared.
The third mistake is not running it like a business and making emotional decisions not based on numbers and facts.
Keyrenter Property Management helps landlords and investors find greater success through proven acquisition, leasing, and management strategies.
Keyrenter Salt Lake
81 E Fort Union Blvd
Midvale, UT 84047
Office: (801) 783-1300
The first mistake is not knowing the laws and regulations for rentals, fair housing, fit premises act, IRS, taxes, and so on. This can cause a lot of problems and expenses in fines.
The second mistake is not having a budget for your rental. Granted that you will have to make repairs so you have to be prepared.
The third mistake is not running it like a business and making emotional decisions not based on numbers and facts.
Keyrenter Property Management helps landlords and investors find greater success through proven acquisition, leasing, and management strategies.
Keyrenter Salt Lake
81 E Fort Union Blvd
Midvale, UT 84047
Office: (801) 783-1300