Becoming a landlord is exciting — but costly mistakes are common.

1. Underestimating Expenses
Maintenance, vacancy, turnover costs, insurance — they add up.

2. Skipping Tenant Screening
Bad tenants cost more than vacancy.

3. Poor Lease Agreements
Weak leases create legal risk.

4. Ignoring Local Laws
Eviction rules vary widely.

5. Not Budgeting for Repairs
Unexpected repairs are inevitable.

6. DIY Everything
Time is money.

7. Not Hiring a Property Manager
Professional management often increases ROI through better pricing and lower vacancy.