{"id":4097,"date":"2020-05-12T08:18:00","date_gmt":"2020-05-12T08:18:00","guid":{"rendered":"https:\/\/www.freeway.com\/knowledge-center\/?p=4097"},"modified":"2025-01-17T22:17:50","modified_gmt":"2025-01-17T22:17:50","slug":"how-to-be-a-landlord","status":"publish","type":"post","link":"https:\/\/www.freeway.com\/knowledge-center\/landlord-insurance\/faq-landlord-insurance\/how-to-be-a-landlord\/","title":{"rendered":"How to Be a Landlord: What You Need to Know"},"content":{"rendered":"\n
Being a landlord is an excellent way to make money. Even when the economy takes a downward turn, people still need a place to live. Before you dive in, you need to know how to be a landlord. Here are some tips to get started. <\/p>\n\n\n\n
When considering how to start a rental property business, you need to think about the budget. Many people think they know how to be a landlord, only to discover they didn\u2019t budget for all the expenses, and they end up in the red. Expenses include maintenance, repairs, inspections, property tax, mortgage payments, and insurance. You also need to pay to market the property and for screening tenants. <\/p>\n\n\n\n
Spend some time thinking about how much your rental can cost you. Remember that it might sit vacant from time to time, and you will still have to pay expenses. <\/p>\n\n\n\n