Mar 07
But before deciding to become a landlord, ask yourself whether you have the time, temperament and skills to manage from a distance. You’ll be dealing with clogged toilets, jammed garbage disposals, spills on carpets, cleaners and handymen. (A good rule of thumb: Budget between 1% and 2% of your home’s value to maintenance, depending on its age and condition.) You’ll also have extra costs for utilities, marketing, screening tenants and perhaps a local property manager.
via WSJ.com.
