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March 22, 2007

You, too, can be a landlord

More and more Americans are investing in real estate and becoming landlords due "in part because the subprime-lending crisis is making it harder for people with marginal credit records to secure mortgages." There are plenty of financing options available for real estate investors who have good credit, but there's also a great deal of hard work involved. Tenant complaints, maintenance issues and repairs, as well as insurance are just some of a landlord's concerns. Paul Howard of the Florida Landlord Network advises potential landlords to realize that "you're buying an income stream, not a pretty house."

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