Consider these tips before diving head first into the investment property market:

1.       Determine what you can afford to buy, you’ll need a minimum down payment of 20 percent for a small rental property.
2.       Do some research on the areas your considering and find out what the going rents are.
3.       Just like your home, a rental property is a valuable asset.  Ensure you choose the proper insurance to help protect you from the financial impact of any unforeseen events.
4.       Consider a property manager.  While this will cut into the cost of your rental revenue, it could help to minimize your stress level
5.       Good tenants are hard to find.  Property managers will screen potential tenants for you, but as a landlord, you’ll need to know

Declutter – clear off all of your counters and ensure any unnecessary decorative are packed away.  Don’t forget to declutter your garage too!

Keep it clean – A deep clean before even listing your house will help to make upkeep easier for you.

Deal with minor repairs – They may seem minor, but cracked caulking, a torn screen or a dripping faucet could give buyers the impression that your house isn’t well maintained.

Tidy the bathroom – Put away your personal toiletries, along with old towels and toothbrushes.

Head out – It can be awkward for the potential buyers if you’re at home during a showing.