My approach to “The Secrets to Renting Your Home the Right Way” is a culmination of the experiences I have had as both an investor and property manager for others. While it is true that there is more than one right way to rent your home, there are some very good principles in this book that you should give strong consideration to.
This book is intended to be a step by step guide to finding a great tenant and making money over the long term. In my experience, there are no short cuts when operating a successful real estate investment. When considering renting your home you should try to remember that in order to get the best tenants and to expect them to do things the right way, you will need to be prepared to do the same. My theory on the tenant-landlord relationship is reciprocal respect and honest, forthright communication.
Having managed several hundred properties for owners in a situation probably very similar to your own, I have learned a lot about what works and what doesn't. There were times when I was a lot more flexible in what I thought was an acceptable way of renting homes. Over a longer period of time and with a larger sample size, certain facts became very evident. The underlying message of this book is that the best expect the best. Given that the right tenant makes all the difference, this book is about attracting, keeping, and holding the tenant accountable.