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In this video, you’re going to learn about the importance of investing in landlord friendly states. You’ll hear which states are landlord-friendly, and which states are not. Additionally, we are sharing our nightmare story of investing in a state that does not favor landlords.
When you’re assessing a rental market, you’ll want to ensure that the state is landlord-friendly. This means the state has legislation that is protective of you as the landlord. In a landlord-friendly state, the eviction process is fast and easy. Additionally, security deposits cover tenant damages and other legal matters are fair to the landlord.
Many investors think they should purchase a rental property close to home. The problem with this is, many investors do not live in a landlord-friendly state. Therefore, this can lead to headaches and legal issues for the investor. If you choose to invest in a state that isn’t landlord-friendly, you can expect problems.
DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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