Now that I'm a landlord all over again, there are certain things I have to do:
1. Convert my insurance policy from a home owner's to a landlord's - will save me $400 per year. NC has a wind policy component due to hurricane's that's pretty expensive and doesn't seem to diminish for a land lord's policy. Consider competitively shopping the insurance.
2. Make sure tenant converts utilities to his name - will save about $120 per month.
3. Make sure tenant contancts lawn mowing service and uses them or does hisself - will save $80 - $120 per month.
4. Ensure management company can send me payments via EFT.
Anything else anyone can recommend or suggest?
Regards, makingourway
Showing posts with label landlording. Show all posts
Showing posts with label landlording. Show all posts
Saturday, December 27, 2008
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