Every landlord involved in Lakeland property management knows how tough it can get meeting the day to day demands of managing rental properties. Here are a few tips which can help:
- Landlords must make sure that they document and write down everything. This does not just involve the lease agreement; it also means sending notices to tenants when entering occupied units for repairs etc. It is also a sensible idea to keep multiple copies of 'request and action taken items' to avoid misunderstanding at a later stage.
- Secondly, it is a must that there is no discrimination when it comes to meeting the demands of tenants. Whatever rules apply to one tenant, must apply to all of them.
- The third rule of property management is: handle the security deposits well and in accordance with the state laws regarding those. If you have placed the deposits in an interest account, make sure you pay those interests to tenants.
- Regular inspection checks and maintenance of the properties forms a vital element of property management. These help you avoid costly repairs and also ensure keeping tenants satisfied.
- Rule number 5: Understand the laws pertaining to evictions. Always pay attention to dates, documented evidence and written notice requirements. If needed enlist the services of an experienced lawyer as they know the ins and outs of evictions.
These are a few tips which can help make the job of landlords a lot easier.
