In addition, owning rental property assures you of a lucrative passive source of income. Therefore, owning rental property is a great way to invest for your long term financial goals – such as your children’s’ education or retirement. These questions can help you determine if a tenant is a good fit for your rental property.In the business of rental property, tenants are your customers. A good property manager handles most of the tasks involved in managing a rental property. As mandated by the Transfer of Property Act, a property owner is also required to reveal any defects in a property before renting it out to a tenant.

Source: Standard Digital July 08, 2020 07:51 UTC