Buying property and renting it out is a great way to make money.

Not only do you earn on the property’s appreciation, but you can do so while having tenants pay for your mortgage.

If you do things right, you can even make a profit renting out your property. Not a bad deal, right?

But for this to work, you need to make sure you rent to good tenants. After all, you don’t want to spend your time chasing people down for rent payments. And you don’t want to rent to disrespectful people who are going to damage your property (and cost you money in the long run). Continue reading →