1. Screen tenants. Don't rent to anyone before
checking credit history, references, and background. Haphazard screening
and tenant selection too often results in problems -- a tenant who
pays the rent late or not at all, trashes your place, or lets undesirable
friends move in.
2. Get it in writing. Get all the important terms of the tenancy
in writing. Beginning with the rental application and lease or rental
agreement, be sure to document important facts of your relationship
with your tenants -- including when and how you handle tenant complaints
and repair problems, notice you must give to enter a tenant's apartment,
and the like.
3. Handle security deposits properly. Establish a fair system of
setting, collecting, holding, and returning security deposits. Inspect
and document the condition of the rental unit before the tenant moves
in, to avoid disputes over security deposits when the tenant moves
out.
4. Make repairs. Stay on top of maintenance and repair needs and
make repairs when requested. If the property is not kept in good
repair, you'll alienate good tenants, and tenants may gain the right
to withhold rent, repair the problem and deduct the cost from the
rent, sue for injuries caused by defective conditions, and/or move
out without needing to give notice.
5. Provide secure premises. Don't let your tenants and property
be easy marks for a criminal. Assess your property's security and
take reasonable steps to protect it. Often the best measures, such
as proper lights and trimmed landscaping, are not that expensive.
6. Provide notice before entering. Learn about your tenants' rights
to privacy. Notify your tenants whenever you plan to enter their
rental unit, and provide as much notice as possible, at least 24
hours or the minimum amount required by state law. |