Now that you have your first rental, here are top tips on being a landlord: 1) Insurance: Insure your property as a landlord and also require tenants to obtain renter’s insurance, otherwise have them sign a waiver. 2) Lease agreement: using attorney approved leases with local state & city regulations keeps you compliant, then to further secure your lease, collecting proper first, last month’s rent and security deposit. 3) Walkthrough the home/unit taking pictures and notes, so that when tenant m