In Business: So You Want To Be a Landlord

It seems everyone in the building business sooner or later gets involved in rentals, assuming the role of a small landlord. Sometimes it’s by design, but often it’s by necessity. Many are baptized as landlords when they rent a spec house that didn’t sell. Others find themselves with an older home they acquired with a large tract to be subdivided, which might be rented only until they get permits and financing for the property’s eventual planned use. And sometimes, when builders construct or renovate a building for their own office space, they add a rental unit or two. There are many advantages to being a small landlord. For one, regular rental income can improve cash flow. Even if the rent