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Landlord 10 Commandments!

By
Property Manager with Gibson Management Group, Ltd.

 

1.  Thou shalt not rent to friends or relatives.
This should be enhanced to include friends from church or co-workers.

2.  Thou shalt not show the unit until the property is rent-ready.
One of the BIGGEST problems tenants complain about is seeing a property while the landlord is in the midst of repairs and the repairs are not completed.

3.  Thou shalt not provide property keys without a signed lease and move-in monies in hand.
Landlords who don't have their paperwork in order BEFORE showing property often provide keys thinking they will have the paperwork completed later.

4.  Thou shalt not covet other landlord's employees or service personnel.
Before I provide a service person's name to someone, I get there permission and I KNOW they will get paid and treated RIGHT!

5.  Thou shalt not skip routine maintenance on my rental property.
If hauling a 2 story ladder to your rental property on the top of your new car is unappealing, have the gutters cleaned PROFESSIONALLY.

6.   Thou shalt not lower your tenant standards to rent your property.
Giving concessions is OK; however, lowing your standards is DOUBLE trouble.

7.    Thou shalt not NOT keep a set of keys to your property.
This is all too common.  At the cost of $2 per key, this is CHEAPER than dealing with a locksmith down the road.

8.    Thou shalt not allow residents to get behind on their rental payments.
Dealing with deliquent residents when you have an eviction court date seems to be easier than trying to connect with them over the phone.

9.  Thou shalt not NOT DOCUMENT the property condition when residents move in.
Many states do not require that landlords and tenants document the property condition at move-in, and they should.

10.  Thou shalt not NOT provide move-out cleaning instructions  to departing residents.

Tenants don't know what you expect and they forgot how CLEAN the unit was when they moved in.


Posted by

Wallace S. Gibson is a Certified Property Manager with over 50 years of property management experience and expertise.  She maintains a specialized property management business in Central Virginia serving Albemarle, Greene, Fluvanna and Louisa counties  

LandlordWhisperer

View our available Charlottesville, Albemarle and Lake Monticello rental homes online with photos and floor plans

"...to be a Virginian, either by Birth, Marriage, Adoption, or even on one's Mother's side, is an Introduction to any State in the Union, a Passport to any Foreign Country, and a Benediction from the Almighty God...." Anonymous

 

Comments(12)

Don MacLean
New England Real Estate Center Inc. - Easton, MA
Realtor-Homes for Sale- Easton, Mass 02356

I hope some landlords actually clip this out for future use.

Could save a lot of hassles down the road

Enjoy the day

Aug 23, 2010 05:30 AM
Don MacLean
New England Real Estate Center Inc. - Easton, MA
Realtor-Homes for Sale- Easton, Mass 02356

I hope some landlords actually clip this out for future use.

Could save a lot of hassles down the road

Enjoy the day

Aug 23, 2010 05:30 AM
Stephanie Reynolds
Integrity First Financial Group, Inc. - Santee, CA
East County San Diego Homes 619-838-4408

These are commandments that every landlord MUST adhere to or suffer the consequences! Unfortunately, if these simple yet important rules are compromised, the chance of winning in court have just gone down the drain! Protect yourself. Protect your property!

Aug 23, 2010 05:41 AM
Ray Saenz
Exit Realty Laredo - Laredo, TX
Homes for Sale in Laredo, TX - Texas, Realtor

Wallace,
Awesome commandments, I will share this to a friend of mine that has plenty of rentral properties, take care,  

Aug 23, 2010 06:57 AM
Liz and Bill Spear
Transaction Alliance 513.520.5305 www.LizTour.com - Mason, OH
Transaction Alliance Cincinnati & Dayton suburbs

Wallace, Excellent rules for the landlords.  Personally, I'm not up for the headaches involved!

Aug 23, 2010 07:47 AM
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Useful! Useful! Useful! Great post!

Aug 23, 2010 11:30 PM
Michelle Francis
Tim Francis Realty LLC - Atlanta, GA
Realtor, Buckhead Atlanta Homes for Sale & Lease

Wallace - 

Fabulous list!  As always, you are the leasing queen of VA!

All the best, Michelle

Aug 24, 2010 06:36 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Michelle * the LEASING and DANCING Queen, please!!!

Aug 24, 2010 08:59 AM
Tracy Lee Parker
RE/MAX DFW Associates - Royse City, TX
Buy*Sell*Rent

I liked the not NOT's !

Aug 26, 2010 10:09 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Thank you * I was going for the NOT emphasis!

Aug 26, 2010 10:20 AM
Latonia Parks
Top Bragg Realty, Fayetteville NC, Home of the 82d ABN DIV - Fayetteville, NC
Certified Military Relocation Expert

Love this list...especially number 1 (family/church members).  I recently opened (sort of) my company and am in the process of hiring a bookkeeper.  I only wanted to take a handful so I could properly take care of each client.  Business has since expanded and I'm praying a new hire will be free up some time.

Aug 29, 2010 03:00 PM
Celesta Funk
KELLER WILLIAMS Realty - Millersville, PA

Very funny but sadly true !!! We have several rentals !!!!!!!!!*L*

Feb 16, 2011 07:13 AM