Becoming a landlord can be profitable, but many beginners lose money because of common mistakes. One major mistake is buying property without researching the rental demand in the area. A beautiful house in the wrong location can stay empty for months. Another mistake is underestimating costs such as maintenance, taxes, insurance, and vacancies. Some landlords also fail to screen tenants properly, which can lead to late payments or property damage. Successful landlords treat property as a business, not an emotion. Proper planning, tenant screening, and budgeting are the keys to stable rental income.
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