reluctant landlord: This is the FOURTH of a Series of Posts for Assisting Reluctant Landlords From Making Common Mistakes!!!
- 05/01/09 11:10 PM
Once they locate tenants, the reluctant landlord often feel their job is over....in actuality, it is just beginning. Having the proper forms and check in procedure is CRITICAL. Many states mandate a move-in inspection routine for documentation as to the condition of the property. Landlords who fail to follow state required procedures often get a nasty surprise when their tenants vacate. Having the check in - whether done together or documented within the time specified in the lease - is often overlooked in an effort to get the lease signed and checks cashed. Often residents view this procedure as an opportunity to … (2 comments)
reluctant landlord: This is the THIRD of a Series of Posts for Assisting Reluctant Landlords From Making Common Mistakes!!!
- 04/21/09 12:22 AM
Reluctant Landlords see the $$$ and not the $$$$$$$....they chase the few bucks they will loose if they do not rent their property QUICKLY and have to come out of their pocket for a mortgage payment and they do NOT see the many bucks they will loose if they take the wrong/unscreened residents who stop paying their rent, loose their jobs, or as is the more common case, vacate the property with no notice. Reluctant Landlords who rely on real estate agents to locate and screen residents fair little better. Most real estate offices no longer have access to credit screening … (3 comments)
reluctant landlord: This is the SECOND of a Series of Posts for Assisting Reluctant Landlords From Making Common Mistakes!!!
- 04/20/09 01:22 AM
In the TLC show "Say YES to the Dress"! the brides have an idea what they want their bridal dress to look like and they "will know it when they see it"! Unfortunately, many Reluctant Landlords feel the same way....a corporate rental * GREAT!!, rent checks come in like clockwork....a part-time resident, only in the area a few days out of the month * WONDERFUL!!!, less wear and tear.....actually, BOTH of these would-be tenant prospects are problematic. Corporate rentals, unless there is a personal guarantee by the actual resident occupant, can be a nightmare. If the tenant is fired or the corporation … (5 comments)
Once they locate tenants, the reluctant landlord often feel their job is over....in actuality, it is just beginning. Having the proper forms and check in procedure is CRITICAL. Many states mandate a move-in inspection routine for documentation as to the condition of the property. Landlords who fail to follow state required procedures often get a nasty surprise when their tenants vacate.
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