7 Biggest Mistakes New Landlords Make

7 Biggest Mistakes New Landlords Make

By siliconindia   |   Tuesday, June 5, 2012   |    1 Comments

Bangalore: Investing in real estate always proves to be profitable, if everything planned out well.  There is an adage that “All that glitters is not gold,’’ the same happens with new landlords. Although the land-lording business looks attractive but there are many such flaws in it, which even experienced landlords fall trap to. Below is the list of mistakes new landlords make while renting out their property.

Mistake 1: Taking too lightly the difficulty of the business:

Each and every business has its own positive aspects as well as negative aspects.  It is not easy to become a successful businessman and this is one biggest mistake landlords often fall into. Making profit out of property is not easy and landlords should plan out carefully before entering in this business. They need to plan budget accordingly. To take things lightly may harm home owner’s sentiment at later stage. Buying a house, then renting it out and then collecting profit out of these is quite a complicated task.

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