By Trevor Rhodes
The definitive consultant for each landlord
Whether you simply have an additional room to hire or a transforming into apartment empire, you continue to want trustworthy info and professional suggestion to ensure you do it correct. Drawn from years of expertise supporting millions of landlords, American Landlord leads every person from the hot landlord to the outdated seasoned via all of the fine details of estate administration. Inside:
• deciding to buy and preserving condo properties
• effectively ads your vacancies
• correctly and securely screening your applicants
• successfully facing problematic tenants
• realizing apartment kinds and agreements
Bonus CD-ROM Features: Ready-to-print condo functions, rent agreements, checklists plus landlord-tenant legislation for all 50 states, and lots more and plenty extra!
Read Online or Download American Landlord: Everything U Need to Know about Property Management PDF
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Extra resources for American Landlord: Everything U Need to Know about Property Management
This Chapter Discusses: Yard Signs Flyers Word-of-Mouth Referrals Newspapers and Real Estate Publications How to Write a Classified Ad How to Use the Internet to Attract Tenants Tenant Placement Agents L et’s be honest here: There are a million different ways to spend your money in seeking out tenants – and buying advertising just isn’t one of them. Okay, maybe just a little bit – but if you’ve ever been involved in owning or marketing a business, you’ve most likely already discovered this to be true.
Net. Tenant Screening, Part I: The Information Roundup This Chapter Discusses: The Rental Application Asking the Right Questions Acknowledgment and Authorization Charging an Application Fee Proper Identification C ongratulations! So your marketing strategy worked and now you have a potential candidate for tenancy. Make no mistake—this is a great first step! But don’t start your celebrating just yet… The next stage involves making what is—without a doubt—the single most important decision in property management: deciding whether or not to approve a prospective tenant.
This may not seem all that necessary, but it’s actually very important! If there is no clear disclosure of all prospective adult and minor occupants, then you might as well just post a permanent vacancy sign – and install a revolving door while you’re at it! Having a list of every potential occupant who is going to be living at your property will enable you to screen accordingly, as well as to draft your lease agreement to legally protect your investment, by reserving the right to approve any additional residents.