What Is a Landlord in Real Estate?
A landlord is a property owner who rents out real estate to a tenant in exchange for regular payments known as rent. Landlords can own residential or commercial properties, ranging from single-family homes to apartment buildings or retail spaces.
🏠 Responsibilities of a Landlord
- Maintain the property in safe, habitable condition
- Respond to tenant repair requests promptly
- Comply with local rental laws and housing codes
- Return security deposits according to state rules
💰 Why People Become Landlords
Many investors and homeowners become landlords to earn passive income through rent, gain property appreciation, and benefit from potential tax deductions. Some landlords also choose to list their rental properties on the MLS for broader tenant exposure. You can list your rental on the MLS with Brokerless to reach qualified tenants on Zillow, Realtor.com, and other top rental sites.
Want to learn more about selling property by owner? Read What Is FSBO in Real Estate.
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