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Buying a Second Home – What You Need to Know

PennyMac

Renters rely on landlords who take care of their property. If you’re renting, there’s also landlord insurance. Budget for times when a rental property doesn’t have tenants or if you rent for short-term periods. As the owner, you may have to front some of those costs if it takes a bit to get long-term tenants. Maintenance.

Tenants 36
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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

Decide If You Have the Ability and Funds to Be A Landlord. Being a landlord can be a rewarding and lucrative job, but there are useful (and sometimes necessary) abilities you need. You also have to have a schedule that will allow you to address any issues that arise since tenants will have to be able to get a hold of you.