Image by Kansas Sebastian via Flickr
Screen tenants thoroughly to eliminate problematic individuals. Have a written contract clearly stating the scope of the landlord’s role. Include how you deal with security deposits.
Inspect your rooms before renting. Make sure all repairs are fixed, be open about any environmental hazards, and secure the building. Tell tenants that you will give notice before entering any room.
Make sure you have insurance to cover everything. Be on top of your managers and check that they are running the business properly and within the law.
Exhaust all avenues to resolve disputes without using legal means first.
These tips will ensure that your business is run smoothly.
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