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Suggestions for successful landlord:

• Create your list of questions to weed out problem tenants.
• Know local rent laws concerning security deposits, eviction process etc.
• Check out rentometer for going rate of rent.
• Hire professional management company if you choose not to be involved.
• Verify references.
• Run background check and credit report.
• Consult with an attorney or visit the landlord protector before finalizing lease agreement.
• Collect security deposit equal to one month's rent.
• Perform a walk-through and note any imperfections before tenant moves in.
• Check on the property at least once a month and look for signs of trouble such as garbage in the yard, extra cars in the driveway or excessive wear and tear.
• Make arrangement to walk through the property three months into the lease to see how well the tenant is performing.