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Landlording - Ten Things to Be Aware of! Numbers 7 - 10
7. Have your lawyer prepare your rental contract package.
There are professional tenants that specialize in ripping off landlords based on loop holes in contracts, missing addendums, handling of monies, wording in the contracts, etc.  There are lawyers that specialize in protecting tenants from being evicted improperly.  Things you should be aware of if you are a Landlord:
Make sure a Real Estate Attorney reviews your rental contract with the proper disclosures.Learn the local Eviction Laws and Process in your area.Disclosures - Make sure you have all the proper disclosures attached to the rental package.8. Never, never ever give or tell your tenants your HOME telephone number, address and that you are the owner of the property.
This is the best advice I can give you: Stop being cheap and hire a Rental Management Company.  These companies act like a buffer between you and the tenant.  If you properly placed your asset into an Asset Protection instrument - like a Land Trust, it is very difficult to submit a law suit if the Management Company doesn't know who the owners are.
9. Check Liens & Violations on the subject property before handing over security deposit refund.
I had a tenant that was evicted by Section ... more

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