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Stephanie Lefew's Real Estate Blog

Tampa Bay Real Estate News

By Stephanie LeFew | Agent in Tampa, FL

If you are considering investing in real estate and becoming a landlord…run it like a business.

Here are some tips you will want to consider when contemplating becoming a real estate investor.

Buy quality properties at a terrifically low price.  It would better for you to purchase properties with little work needed.  You will want to put very little money out in order for you to stay in the black, not the red.

You will want to research the current rental rates of similar properties in the same area of your property in order to make sure that you set a fair rental amount. 

You will want to absolutely screen your rental applicants to make sure select a tenant who is more likely to make their rent.  Use a lease agreement, always put the full agreement on paper.

You could collect the rent yourself.  That could be a way that you could save money, however it may be more challenging than you think.  If you hire a professional property manager, you will enjoy being a landlord a lot more.

Stephanie LeFew
Your Tampa Bay Realtor
813-624-3332 cell
Solaris Realty of Tampa Bay

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