5 Ways to Spot a Landlord Friendly State

ROI Wealth Watch

Every landlord wants control over their properties. The fewer the variables, the less stress. Sadly, that's sometimes easier said than done, especially with strict state legislation that often favors tenants.

In today's podcast, Tom and Jared discuss the five easiest ways to spot a landlord-friendly state so you can invest in areas that give you the most control.

Check out the first of this two-part series, called "7 Things to Expect in States that Favor Tenants."

“Create an environment that is good for your tenants and profitable for you.” –Jared Garfield

In This Episode of ROI Wealth Watch:

In states that favor landlords:

• Fewer requirements on rent increases, property access notices, lease agreements, and security deposit timelines
• Control over your property or investment
• Tenant repairs or ability to withhold rent
• A history of legal decisions favoring landlords in eviction cases
• Lower overall risk due to ability to quickly evict tenants that violate a lease, including not paying rent
• Conservative states tend to be more business-friendly

Resources Mentioned in This Episode:

• Rent Café: Which States Have the Best and Worst Laws for Renters?

Wealth Watch Words of Wisdom:

• When buying an investment property, avoid states with laws that make it tougher for landlords to get a fair shake.
• Choose to be the type of landlord that treats tenants like they live in tenant friendly states. This give you happy tenants plus protection when you need it.
• Ask your property manager to go over the best and worst parts of being a landlord in your state of choice

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Thanks for tuning into today’s episode of the ROI Wealth Watch podcast with Jared Garfield - your resource for learning to buy real estate in the right markets at the right times. If you enjoyed this episode, head over to iTunes to leave us a rating and review. Subscribe to the show so you never miss an episode, and visit our website to grab your free gifts!

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