Becoming A Successful Landlord Doesn’t Happen By Accident




becoming a successful landlord


Becoming a successful landlord can be a complicated endeavor if you don’t know what you are doing.  


Becoming a successful landlord doesn't happen by accident. Click To Tweet


Sure, we all know those people in our area who are well known, successful landlords. Whether they decided to become a landlord or became “accidental landlords”, they figured it out and made it work.  They are happy and living the dream.


The landlords who weren’t so lucky are forced to stand by and watched helplessly as their properties lose money hand over fist.  For some reason, things didn’t work out for them and being a landlord became a terrible nightmare for them.


These poor landlords had to watch their dream of a steady, monthly income go down the drain.


Landlords don’t lose money due to a lack of trying. These landlords:

  • Ran the ads
  • Got tenants in their rentals
  • Fixed problems
  • Seemed to do everything right.

But, they didn’t have effective property management skills that would allow them to succeed in becoming successful landlords.



You Can Be A Successful Landlord

This is something you can learn if you to do if you have the motivation or you can hire someone to manage your rentals for you.  Remember the four tips below.


4 Tips To Being A Successful Landlord  


  1. Run it like a business. Whether you are a full time landlord or this is just a side, part-time business, have systems in place and follow them!  For example, it’s OK to be nice to your tenants, but if they get behind, start the eviction process.You are a business owner so act like one! 
  2. Aggressively screen your prospective tenants. I have found that most people talk a good talk and it can be difficult to tell if they are telling the truth. Run credit, check their references and talk to their landlord.  Past history is an indication of how they will pay you and treat your house.  Click here to learn how to pre-screen prospects.
  3. Treat your tenants well.  A good, well paying tenant will hopefully stay for years and will think twice about leaving you if you treat them well.  What do I mean by that? Fix maintenance issues promptly, check in periodically and make sure things are going well, send a Christmas card, etc. It doesn’t take a lot to make them feel appreciated.  
  4. Know when to get help.  Let’s say you have a tenant not paying rent and you are not exactly sure how to start the eviction process, you need to find someone who can advise you. No one knows everything and this is just one example of when you might  need to consult an expert!



Follow me here. I am here to help you navigate this adventure to becoming a successful landlord and take control of your future. 


You can become a successful landlord and have a great monthly income, all without losing your mind! Click To Tweet


Yes, it can be stressful, but the rewards outweigh the problems usually. 


You can become a successful landlord and have a great monthly income, all without losing your mind!  

Stop struggling to find great tenants.  Grab the Prospect Screening Form and learn to screen prospects like a pro!


Like my Facebook Page to get even more Common Sense Landlording Tips!




Air Conditioning Trouble Shooting Check List

Air Conditioning And Hot Weather Do you have air conditioning trouble shooting check list? During hot summer months, you can hear the buzz of air conditioning units running continuously. They are an essential part of many homes.  All of my rentals that I manage have central air conditioning units and some have an additional window …

Read more

Mini Blinds And Your Tenants

Mini blinds and your tenants. Question:  As a landlord, do you provide mini blinds in your rental homes or do you make the tenant install them? I love mini blinds in my own home but loath them in rental homes. I have never understood how they can be damaged so badly by tenants!  There is …

Read more

Screen Applicants With Confidence

Screening applicants is a stressful and challenging endeavor.  You typically only have to screen tenants when you have a vacant home or a home that is about to be vacant. A vacant home does not put money in your pocket. Your goal is to find the best possible tenant that you can find as quickly …

Read more

Maintenance Issue Case Study

There are days as a property manager when I just roll my eyes as my fingers furiously type an email response. Today was one of those days.  Remember, having procedures in place will save you a lot of headaches! One such procedure is the move in inspection. I moved college students into a rental home …

Read more