July 23, 2010

Good List of Mistakes to Avoid as a Landlord

An article on The Landlord Protection Agency website titled Common Mistakes Landlords Make gives a list of 10 mistakes.

Here is their list:

1. Not screening each applicant.
2. Not following Fair Housing Laws
3. Not keeping up on the rental market or not raising rents
4. Not signing a lease
5. Not doing a move-in condition report
6. Not giving your new tenants and renewing tenants Title X information
7. Not having the property ready for new tenants
8. Not maintaining the property
9. Not properly handling security deposits
10. Not documenting

This is a very good list and I agree with all 10 items.   For a more detailed description of each item see the full article Common Mistakes Landlords Make

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