Step 1: Evaluating Your Readiness To Become a Landlord
Owning a rental property can be a significant step in achieving homeownership and financial stability. However, before you embark on this journey, it’s essential to assess your readiness to take on the role of a landlord. This decision involves not only managing a property but also fulfilling various responsibilities and understanding applicable laws. This guide—based on information from Fannie Mae—outlines the key steps in evaluating your readiness to become a landlord.