Tips For Landlords And Property Managers

Dated: 11/27/2017

Views: 320

Lessen your liabilities by following these simple tips. Become a model landlord with less to no stress. 

  • Qualify a tenant before entering into a formal agreement.

  • Be sure to evaluate all applicants in a fair and nondiscriminatory manner.

  • Check with present and past employers as indicated on the application.

  • Run a credit check with one of the credit agencies—but be careful.

  • Check prior landlords and references.

  • Consider running criminal background checks.

  • Cultivate responsible tenants.

  • Be responsive when issues arise.

  • Be clear on where you stand.

  • Don’t get caught unaware.

  • In general, whatever you offer should be offered equally to all applicants.

  • There is a reason property managers use the same “move-in special” for months at a time.

  • Documenting the logic behind the decisions can protect you. 

  • Business necessity is a valid reason, if other methods have failed.

Blog author image

Florida Rodriguez

We just purchased our first home today and I cannot thank Florida enough for all her help. She is very professional and very thorough in assisting us since day 1. She always make herself available and....

Latest Blog Posts

5 Ways To Ruin A Real Estate Sale

Negotiation is key in real estate. Having an agent with strong negotiation skills is a must because using the wrong negotiation tactics can sink a deal pretty quickly. Here are some negotiation

Read More

Creative Ways To Get Your Offer Accepted By A Seller

So, you’re fіnаllу ready to take thе plunge and рut іn an оffеr on уоur drеаm hоuѕе. Yоu fоund something thаt is perfect for you and your fаmіlу’ѕ nееdѕ, аnd you’re

Read More

Which Down Payment Strategy Is Right For You

You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and

Read More

Benefit And Value Of Attending A Homebuyer Workshop

Fоr most, homebuying seems tо bе an оvеrlу соmрlісаtеd рrосеѕѕ. It entails so many steps – mоrtgаgе аррlісаtіоn аnd аррrоvаl, mаkіng аn оffеr, ср

Read More