Landlord and Tenant Laws
As a real estate investor doing buy and hold, you need to fully educate yourself on the state landlord/tenant laws where you are investing. Skipping this step or doing incomplete homework can be costly and messy. This almost happened to my husband and I. I’m glad we were being extra cautious (not giving into our emotions) and took the time to perform due diligence.
Having lived in two states, I noticed that the landlord/tenant laws vary from state to state. To further complicate things, these real estate laws can also vary from county to county. Once we narrowed down the locations where we want to do buy & hold, I spent hours on the web researching landlord/tenant laws applicable to those particular areas. I also had my husband read those laws. We only proceeded to make offers after we’ve decided that the areas we’re interested in are landlord-friendly. Yet, we soon learned that despite having put in 10 plus hours of research on the web reading and familiarizing ourselves with the laws, we still didn’t get the complete picture.