On being the landlord
We recently purchased a revenue property and have now officially entered the world of the landlord. This side of the business is fairly new to us and neither have rented for many years so we're quickly educating ourselves about how to find a good tenant, what paperwork needs to be produced and how to get a full nights sleep without waking bolt upright and screaming at the top of our lungs "WHAT THE HELL HAVE WE DONE?!?". Needless to say it hasn't all been pretty. We're in the midst of finding a tenant using newspapers and craigslist and can report that the response has been quite good but the various inquiries, requests, wish lists, critical requirements, demands, pleadings, observations and even advice from applicants has been more than varied. It's…