Investing in rental property has the potential to be a lucrative business venture, but renting out a property may not be as much of a passive source of income as some may believe. Being a landlord is challenging, especially when you are a novice. From advertising a property to doing a tenant screening, creating rental agreements and collecting rent, there will be a lot for you to accomplish. Things won’t always go smoothly either; you’ll be expected to fix things when they break and negotiate with tenants diplomatically when they don’t follow through on their side of the agreement. Here are our best tips to get new landlords off on the right foot.

Click this link to read the full article.