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Renting a Rippon Landing, Woodbridge Home: Key Miscues to Avoid
Hamed Gargasht - Gargasht Team (703) 901-6364
Keller Williams Realty
With housing prices on the rebound, it’s easy to see why some Rippon Landing, Woodbridge homeowners find buying an additional property an increasingly attractive possibility. Getting into the landlord business offers the appeal of a growth investment coupled with the possibility of a favorable cash flow situation.
That said, make no mistake about it: renting a home in Rippon Landing, Woodbridge is its own business enterprise. Becoming a landlord means making business decisions that carry elements of risk as well as reward. When renting a home in Rippon Landing, Woodbridge, there are a number of common — but avoidable — first-time landlord mistakes:
Fair Housing Violations From the moment you begin marketing your income property, the language in your ad can easily run afoul of the fair housing rules that prohibit discrimination. Avoid phrases that single out any particular group or profile, such as “family-friendly,” “suitable for a couple,” or “singles only.” Since violations can run up to six figures, make sure your ad simply describes the property and the neighborhood in generic terms — and be prepared to accept the first qualified applicant who meets your terms. ... more
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