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Eight Critical Elements of Successful Rental Property Investing

Investing in rental property is surprisingly easy.  For one thing, compared to other investments only a fraction of the cash required to start the business needs to come from your own back pocket.  The rest can be financed.  What’s more it is very easy to find properties which meet your objectives for price, location, and overall suitability.

While it’s true, there are lots of seemingly suitable properties and lots of eager sellers, it’s also true that rookie mistakes can be devastating!  So, here are eight major points to consider before investing your time and treasure in rental property.  If you can satisfy each of these prerequisites then you have a very good opportunity to be a successful landlord.

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Your Free Credit Report

Beginning December 1, 2004, The Fair Credit Reporting Act (FCRA) required each of the three national credit bureaus to provide you with a free copy of your credit report, at your request, once every 12 months.  Here is what to do and what to avoid.

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