tenant: Landlording - Ten Things to Be Aware of! Numbers 7 - 10
- 04/29/08 03:07 AM
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 … (2 comments)
tenant: Landlording - Ten Things to Be Aware of! Numbers 4 - 6
- 04/28/08 03:22 AM
4. Have your tenants send rent check to P.O. Box address. You don't want them to know where you live! Renters always show up when you are having dinner with your family.5. Always charge an application fee ($100) to process rental application. I always found that I had success with charging a non-refundable, application fee. People are less likely to mislead you when they have skin (money) in the game. You can always apply the deposit towards the applicant's security deposit later on. This application fee covered my costs for:Application ProcessingCredit CheckCriminal History Background CheckThese checks are really necessary to make an … (7 comments)
7. Have your lawyer prepare your rental contract package.
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