With the housing market picking up or for homeowners that need to move but cannot sell their current home, it may be tempting to become a landlord. Before jumping in, you should investigate the laws regarding landlords and tenants, have an attorney draft a rental agreement to protect you and consider what rules and conditions you want to stipulate for your tenants.  Background checks on tenants and rental deposits are great first steps to protect you and to protect your property.

For more information about being a landlord read, “What You Should Know Before Becoming a Landlord.”