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 There are many roads to take when you are considering becoming a landlord, but not all of them may make sense if you are looking to step into it in a small way.  Property management, while an excellent option for some, can be cost-prohibitive based on the returns of a small rental investment.

There are many other supportive resources for first-time landlords who have the time and energy to do the research.  But for those who would like support specific to their situation, FTL offers a unique opportunity to work directly with an experienced landlord who can give the initial guidance needed to assure a strong start.

  • First-time home buyer – wanting to purchase a home but don’t have quite enough money? Consider a duplex (you live in one unit and rent the other), or an M.I.L. (mother-in-law apartment). Use rental income to help qualify for the loan and make payments!
  • Have a home to rent – whether it’s a primary residence or secondary residence, sometimes situations arise in which you find yourself better off renting a home than selling it.
  • Have extra rentable space in your home – depending on where you live and the extra space you have, renting is a great way to add income. Convert space into an apartment, or even rent out the space as is for storage purposes.
  • Looking for an investment property – Take a look at the real estate market and consider the strong benefits of a long-term investment that offers promise during any economic period. When real estate prices are in the dumps, it usually means the rental market is strong, and vice versa.

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“I just wanted to take a minute to thank you once again for your help in getting me to take the plunge of becoming a landlord! Your information and support was invaluable and helped me feel comfortable and confident in moving forward to rent out my previous primary residence. I have several clients and personal friends who go through this thought process from time to time and I won’t hesitate to recommend your services to them.”  – Umar G., Mortgage Broker

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