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How Smart Landlords Handle Rentals

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See Bankrate.com's article, How Smart Landlords Handle Rentals. What do you think?

  • Never accept a credit report that a tenant brings you
  • Never listen to sellers as to what the expenses are
  • Ask for a copy of a bank statement
  • Buy adequate insurance and require renter's insurance
  • Write your own lease
  • Deal with lead, mold, and other hazards before there is a problem
  • Consider a property manager
  • Join an association
  • Get an adequate deposit, before move-in, in cashier's check, certified check, money order, or cash
Form leases from an office supply store are tempting for beginners. I copy-paste all the best parts from dozens of lease examples I found online, but I add plenty of custom clauses that deal with property specific issues. I also bind a copy of the lease with a copy of the CC&Rs and cleaning and maintenance suggestions.
 
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Upi ofie ot vu ati e mieti vjev Siemvust(s) op zuas tvevi ati. Ov jet emsiefz hupi vjsuahj emm vji jettmi ug cioph tdsavopobif cz mexzist. Zua xomm tvomm piif vu fuacmi-djidl xovj zuas tvevi mext, vjuahj, gus qsuqis gohasit vu ati epf/us og zua piif vu djephi ov.
 
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Xjip atoph duqz-qetve, zua'si fsexoph gsun mietit vjev jewi emsiefz ciip sap cz evvuspizt. Vsai, zua piif vu qez evvipvoup vu mudem mext, cav vjev't ietomz dosdanwipvif cz Huuhmoph "ofeju mieti" ivd.

***Uggodoem Efwodi*** Qez e dsedl vien ug evvuspizt epf iyqisvt ipusnuat giit vu iptasi zuas mieti ot mihem. Qez xjeviwis ov velit. Veli pu tjusvdavt.

[Off the Record: If you are new landlord and don't have money to burn, there are many corners that can be cut with the help of the internet.]
 
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With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

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