Tag Archives: owning a rental property

Tips For Owners


**Always screen your tenants and use a professional screening company. Provide the applicants with an application and a copy of your screening criteria.

**Provide a clean home that is safe and take care of repairs right away. Communicate with the tenants and inform them of your plans and follow through. Make sure all essential services are always operable or the tenant may be able to file a claim, deduct rent or move out without a lease break fee.

**Give proper notice before entering. Check your states laws and know when you can enter and how much notice is required. Allow tenants the privacy they deserve.

**Inspect the home at least once per year. If you see things that need attention like repairs, take care of them. Let the tenant know right away if they should be doing something they are not. Communicate!

**Insure your home and make sure the tenants know about how insurance works and recommend to them to get renters insurance.

**Use legal forms and hold security deposits and return them within the limits of your states laws. Use move in/out condition report and inform the tenants what you will expect at move out. Disclose everything, there should be no secrets or surprises.

**Resolve all disputes and make every attempt to settle disagreements outside of court even if it costs you a little bit. Court is stressful and time consuming.

. Understand the managers contract, terms and conditions and do a background check on them. Make sure they are currently licensed and insured. Or contact Tri County Management.