We told you about 9 Common Mistakes Made by Landlords, but there are a few more that we think all landlords should avoid.
1. Not Taking Advantage of Free Tenant Screening
Don’t skip this important step due to cost. Tenant screening will give you valuable information on your potential renters. Take advantage of free tenant screening and get a tenant eviction report, credit report, and criminal history.
2. Not Preparing for Vacancies
An empty house means a loss in your rental income, so prepare for vacancies. Minimize your vacancies as much as possible through proactive marketing.
If you do have a vacancy, make the most of the vacancies and get photos of the empty rooms, which will make your property look clean and spacious. You can also get your place-tenant ready and prep your condition reports.
3. Neglecting your Tenants
The landlord has a responsibility to keep the property up to a certain standard, and tenants have this expectation. Fostering good communication with you renter will make it easier to talk to tenants when difficult subjects arise, like late rent and maintenance issues.