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How to Attract Good Tenants to Your Rental Property

Posted by Melissa Batai on Apr 5th, 2022 · 0 Comment

Draw Good Tenants to Your Rental Property

Good tenants can make being a landlord a breeze. They pay on time, let you know promptly when something breaks, and take care of your property as if it was their own. Bad tenants, on the other hand, can make being a landlord a nightmare. They may disturb their neighbors with loud music and parties. They’re rough on the property and cause damage. They may not pay on time, and you might have to go...
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Here are some simple guidelines that will help you build wealth:

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

How to Attract Good Tenants to Your Rental Property

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