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Being a Landlord: What You Need to Know

Whether you see real estate as an investment opportunity or you’re looking for ways to pay the mortgage on your old home as you wait for the seller’s market to rebound, you may have considered being a landlord.

Being a landlord, of course, is about more than just collecting a rent check every month. In the following posts, we’ll explore some of the unique issues landlords face and show you what it takes to be a successful landlord. We’ll look at:

  • The benefits and pitfalls of being a landlord: The rent money is great, but what are some of the negative aspects? You’ll want to know about these issues well before becoming a landlord.
  • How to find a good renter: Good renters make being a landlord much easier, so we’ll show you how to find the best ones.
  • Things to tell a new renter: Setting expectations ahead of time will help foster good relations with your renters. Here are five things you should tell anyone who rents from you.
  • How to be a good landlord: Good renters make everything easier, so how do you return the favor? We’ll show you how in this post.
  • How insurance works: Insurance is an important part of the equation for both landlords and tenants. Our experts weigh in on what’s required, what’s advised and which policies you should require your renters to carry.
Are you interested in entering the world of property management and being a landlord? If so, read these series of posts to find out what it takes. /blog/being-a-landlord Erie Insurance

ERIE® insurance products and services are provided by one or more of the following insurers: Erie Insurance Exchange, Erie Insurance Company, Erie Insurance Property & Casualty Company, Flagship City Insurance Company and Erie Family Life Insurance Company (home offices: Erie, Pennsylvania) or Erie Insurance Company of New York (home office: Rochester, New York).  The companies within the Erie Insurance Group are not licensed to operate in all states. Refer to the company licensure and states of operation information.

The insurance products and rates, if applicable, described in this blog are in effect as of July 2014 and may be changed at any time. 

Insurance products are subject to terms, conditions and exclusions not described in this blog. The policy contains the specific details of the coverages, terms, conditions and exclusions. 

The insurance products and services described in this blog are not offered in all states.  ERIE life insurance and annuity products are not available in New York.  ERIE Medicare supplement products are not available in the District of Columbia or New York.  ERIE long term care products are not available in the District of Columbia and New York. 

Eligibility will be determined at the time of application based upon applicable underwriting guidelines and rules in effect at that time.

Your ERIE agent can offer you practical guidance and answer questions you may have before you buy.