Congratulations! You’ve decided to become a High Heels Landlord! If you’ve been following the blog so far, you have been working hard on wisely choosing and purchasing a property. Now it’s time to Fill’er Up!
At this point, you’ve taken my advice and sought out guidance from an attorney about incorporating to protect you and your family from liability. By now, you should have recruited a professional real estate agent to help you with your property searches and transactions and sought out the proper funding for the property.
So, all we do now is put that For Rent sign in the yard and wait for someone to call, right? Wrong!
Making a Profit is the Goal
Always remember that, as a High Heels Landlord, our biggest priority is making a profit. And up until the point of finding the right tenant — a paying tenant — we’ve actually lost money updating our property, getting it ready, advertising it for rent, etc.
But how do you find that tenant, the one who makes you profitable to the point where you can earn your High Heels status?
Well, there are a number of things to consider from defining and attracting your ideal tenant, to how to handle applications, understanding the Fair Housing Act or the American With Disabilities Act (ADA), understanding your options for Section 8 housing, and more.
Stay tuned in to this Blog to get more information, or check out my latest book in the High Heels Landlord series, Fill’er Up – The High Heels Landlord’s Guide to Filling Your Rental Property.