Let Martin Presence Keep Your Dream From Becoming Your Nightmare

By
Property Manager with Martin Presence Group Brok.0995682636-ASA

 

Owning rental property is a great way to make money, but it also comes with great responsibility. As a property owner, you have an obligation to ensure that nobody gets hurt on your watch. Unfortunately, in today’s sue-crazy society, even the most conscientious property owner can find himself in a surprisingly sticky situation. Here are four big areas of potential problems.

First, it is your responsibility to rent property that is safe and well-maintained. Fix or remove hazards promptly, and take action to remedy any tenant complaints and reports in a reasonably timely manner. Failure to do so could result in injury to an innocent party and could land you in the middle of a lawsuit.

One of the best ways you can protect yourself is to carefully screen your tenants. Simply put, don’t allow criminals to live on your property. If your tenant engages in criminal activities on your rental property, you can be held liable, especially if you are aware of the situation and haven’t done anything about it.

If you are going to allow pets to live at your property, you’ll need to screen them as well. Check with the owners to make sure the animals are friendly and have no history of malicious behavior. Allowing a potentially dangerous animal on your property is a liability for you, again, especially if you are aware of its history. In many communities, you can check with the local animal control office to see if there have been any complaints against a particular animal. Oh, and don’t forget to check with your insurance company to make sure you are even covered for animals. Many insurance companies disallow certain animals or specific breeds of dogs.

The Fair Housing Act of 1968 prohibits discrimination based on race, color, national origin, religion, sex, familial status, and disability. Avoiding this can be trickier than you think. Establish a tenant selection criteria and follow it exactly every time. Otherwise a tenant may claim that you are discriminating even though you are rejecting them for a completely legitimate non-discriminatory reason.

 

Here at Martin Presence we are pros at spotting and fixing potential problems and screening tenants. Let our experienced and professional property managers take over these headaches for you. We will do our best to keep you out of the lawyer’s office and in the bank!

 

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Ambassador
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Rental properties are best handled/managed by professionals, for the reasons you state. I've heard too many horror stories from folks who tried to manage their rentals on their own. D 

Oct 04, 2017 07:47 AM #1
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Not everyone can be a good proeprty manager. You sound like one on top of the game.

Oct 07, 2017 07:03 PM #2
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Corey - much of what you mention here is the things those who employ people need to know as well, liability and the law.

Oct 10, 2017 06:07 AM #3
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

There is demand for good property managers. Thanks for sharing the great tips.

Oct 13, 2017 03:18 AM #4
Rainmaker
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Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Corey

Thanks for the kind words and your thoughts during these trying times. fingers crossed and cheers cvc

Oct 13, 2017 02:33 PM #5
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Corey, excellent tips for landlords in keeping their rental properties safe for tenants.  Shows your expertise!  

Oct 18, 2017 06:05 AM #6
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is good reading for those who own rental properties.

I hope you are enjoying a most productive month.

Oct 19, 2017 04:49 AM #7
Rainmaker
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Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

I have a listing that hasn't sold and the owner wants to rent it and I am so glad she is letting my company manage the property for her.

Oct 22, 2017 01:14 PM #8
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Lynn B. Friedman
Atlanta Homes ODAT Realty Call/Text 404-939-2727 Buckhead - Midtown - Westside -- and more ... - Atlanta, GA
Concierge Service for Our Atlanta Sellers & Buyers

Corey Martin 
We have managed rentals since 1973 and it is just as you state:

  • responsibility to rent property that is safe and well-maintained
  • carefully screen your tenants and screen pets as well
  • tenant selection criteria and follow it exactly

All the best - Lynn

 

 

Oct 24, 2017 04:43 AM #9
Rainmaker
4,798,687
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Corey.  Smart landlords will select you to manage their rentals.

Dec 05, 2017 04:28 AM #10
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