Is it time to be a landlord?

While the uncertain state of the housing markets has made millions rethink the American dream of owning a home, it does invite those who can afford it to a whole new opportunity. There are still opportunities in real estate. The stage is set for a new form of real estate investment to shine: the rental.

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Those who can afford to invest in real estate can take advantage of the changing attitudes toward home ownership and current economic conditions. And while home prices are down, most people—facing poor employment and tight credit—are more than willing to be content with a well-maintained rental.

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For the would-be landlord, this growing market of people looking for decent houses to rent is a lucrative investment. Though it is not without its own set of risks, investing in a rental property can be just as profitable in the long run as owning a home. 

Being a landlord is not an easy undertaking. The prospective landlord has a lot of things to consider, including the location of the property, assembling a maintenance team, and screening for the right kind of tenants. Landlords might also find it necessary to scout for insurance.

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Despite the many challenges landlords must face, investment in rental property remains a sound investment opportunity for those with the money and perseverance to pursue it. More tips on how to be a landlord can be accessed from MSN.

Jeff Rutt is the owner of Keystone Custom Homes, a premiere homebuilder based in Central Pennsylvania. Visit this website for more updates.