7 Secrets to Successful – and Legal – Landlording
1. Run renting like a business
2. Treat everyone equally
3. Use the right forms
4. Make your lease as specific as possible
5. Write out a roadmap for defaults
6. Don’t treat security deposits as a potential for profit
7. Don’t be folled by appearances
For more detailed information, I recommend reading The Successful Landlord, by attorney Kenneth M. Roth.