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Have a plan, but be willing to change--wink, wink. (From the Ground up).

Publication: Mississippi Business Journal
Publication Date: 31-MAR-03 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Have a plan, but be willing to change--wink, wink. (From the Ground up).(successful residential rental )(Column)

Article Excerpt
One of the most important considerations in owning residential rental property is selection of good tenants. A good tenant can make the difference in profit or loss. In this column we will explore how to select a good tenant.

Investing in residential real estate is receiving a lot of attention these days. That is certainly no surprise, given that many other investment alternatives are producing single digit returns. Cable television infomercials offering courses in residential real estate investment are on the upswing. After all, who can resist making all of that money? But that's an issue for another column.

I believe the key to successful rental property ownership is tenant selection. To illustrate this important point I'll share my own experience in how it worked for me. A word of caution: Do not read only...

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