|
|
|
 |
 |
 |
 |
   |
Avoiding Problems with Rental Property
-- Thoroughly check out all rental applicants, even if it's a relative or co-worker. Be extra careful with personal references, since prospective tenants can usually get a friend to say nice things about them.
-- Call the applicant's current and previous landlords, and present and past employers.
-- Run credit checks and also determine whether the person has a criminal record.
-- If possible, come up with an excuse to visit applicants at their current residence, so you can see how they live.
-- From the get-go, establish a businesslike relationship with your tenant.
-- Document everything and make sure you have a written lease. Send a move-in letter that complements the lease, spelling out how the tenant should report any maintenance problems.
-- Comply with all fair-housing and nondiscrimination laws. Educate yourself, and anyone who works for you, in leasing.
-- Get the details on eviction laws and your state's security-deposit laws. Some states dictate how much you can charge, whether you must pay interest, etc.
|
Updated June 15, 1997 by bwwebmaster
Copyright 1997, by The McGraw-Hill Companies Inc. All rights reserved.
Terms of Use