It’s official. The first rent check just hit my bank account.
I’m now a landlord.
This wasn’t my plan. I bought a new house a few months ago, and I wanted to sell my old house to bolster our down payment. But I wasn’t getting the offers I wanted after missing the peak selling months last summer.
So, rather than sell, I held on to the house to rent it.
I’m glad I did. My portfolio is heavy in financial assets and light in real assets. Adding a real estate rental property to the mix gave me some exposure that I’d been lacking.
But if you are thinking about becoming a landlord, let me share a few pointers…
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