- Talk to a landlord-tenant lawyer in your state to make sure that your lease and rental procedures are in accordance with state law. Follow your state's landlord-tenant code to avoid any legal issues. 

- Be clear with your rental agreement explaining the terms and conditions of property rental. 

- Call your insurance company and ask about landlord insurance. They will recommend different types of insurance tailored to rental properties. 

- Require your tenants to get renters' insurance during their occupancy in your property. 

- Do a full report on the condition of your property between tenants. Notate everything that is working and take a lot of pictures. 

- Hire a Handyman you trust 100% who does an excellent job instead of cutting corners to save money. 

- Screen your tenants properly before allowing them to move in. Set standards such as a good credit score and no records of evictions.

- Put money aside for any possibilities of an eviction. An eviction can cost anywhere between $1000.00 – $5000.00. 

- Hire a property manager you can trust with good reviews. An agent who is professional and has your best interest in mind.