LandLords Need To Know What They Don’t Know

LANDLORD’s KNOWLEDGE IS KEY

Landlords knowledge is important because what they don’t know about all of the aspects of property management and thus is a serious issue for any new landlord.

This video discusses many of the areas of property management that new rental or commercial landlords should know.

Being a Landlord Is very rewarding work but it is NOT a 9 to 5 Job. There is a learning curve and many questions  must be answered. The Landlord will wear many hats. Below is a summary of just some of that knowledge:

New Landlords (rental or leasing  property) owners need to know about:

Management questions
questions

LAWS

  •    Federal

– Knowing and understanding all of the various Federal laws ..HUD…Civil rights and fair housing laws,disabilities

  •  State Laws

– Residential rent and lease forms, residential and non-residential lease agreements,

– Notices- 3-Day Notices to Quit, Notices to vacate

  • City Ordinances

– Housing Authorities, permitting, zoning

SCREENING

  •  Income, prior evictions, credit rate, criminal convictions

RENTAL MARKETS and MARKETING

  •      Current rental rates.
  •      Online marketing
  •      Marketing flyers

MAINTENANCE

  • Vendors data base
  • Contracting
  • Inspections
  • Tenant complaints

 

For more information on this subject go to “http://callherb.com”

landlords