The decision to become a landlord requires careful consideration and much thought. For many low and moderate-income individuals, multi-family ownership is the only way they can purchase a piece of real estate. When making a decision to become a landlord, you must take stock of yourself, your lifestyle, and ask if you want to be responsible for others. It is true that owning a home has many advantages and benefits. But, you should prepare yourself for the hard work it will take to maintain this investment. A landlord is, in essence, a property manager. Your rental property is not only your home, but also your business! A rental property owner must adhere to the laws, rules and regulations that govern rental housing. To be successful, you must have a clear understanding of these practices.
Neighborworks® Southern Mass offers a comprehensive Landlord Training Program for new landlords or those seeking certification.