If you're thinking about purchasing a 2- to 4-unit home for rental, you may be required to take a landlord education course to get a mortgage. Be sure to consult with your lender to make sure you fulfill those requirements with an approved program.
MGIC is proud to partner with Finally Home!® to provide landlord education. This online course is designed for owner-occupants of 2- to 4-unit homes and covers essential topics and best practices for managing a rental property. By completing this course, students will gain a deeper understanding of their responsibilities as a landlord and owner and be better equipped to make informed decisions about their property and investment.
Students who complete the course receive a certificate of completion. The course fee is $70.
Register for the Landlord Essentials course
Finally Home!® is a registered trademark of the Idaho Housing and Finance Association.
MGIC is proud to partner with the Minnesota Homeownership Center. The Center offers its free Owner-Occupant Landlord Training course, accessible in both English and Spanish. The course highlights key considerations for prospective homebuyers who are deciding if owning a small rental property and becoming an owner-occupant landlord is right for them. Once you complete the course, you’ll receive a certificate of completion.
It’s important to understand the laws and regulations that apply to rental housing in your area. This program includes information about Minnesota state laws and regulations. Make sure to research the specific legal and tax obligations that may apply to you as a rental property owner in your state and municipality.
For guidance on other landlord education options in your area, contact your lender or reach out to your local housing counseling agency or state housing finance agency (HFA). Your local municipality may also offer landlord education resources.