Learn and follow your state's landlord tenant laws. Each state has its own laws and guidelines for both landlords and tenants. The Nolo website has links to the various state laws. Also, become familiar with the federal Fair Housing Act that prohibits discrimination.
2
Protect your asset. Get rental insurance to cover damages. Consider purchasing a homeowner warranty that pays for certain repairs. Set aside extra money to pay for unexpected expenses.
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3
Select tenants carefully. A poor tenant can make your landlord job difficult by failing to pay rent or destroying your property. Interview potential tenants and check their credit history and references. However, be careful not to discriminate and violate Fair Housing regulations.
4
Create a written lease agreement and ask all occupants to sign. Ensure that the lease includes all terms of the rental such as who pays utilities. Search the Internet to find sample forms.
5
Maintain the property. Landlords have a legal obligation to maintain their property in livable condition. Eliminate potential hazards and security risks before the tenants move in. Be responsive to tenant requests and make repairs in a timely manner.
6
Stay in touch with your tenants. This will ensure you become aware of any needed repairs and spot potential red flags. However, you must comply with tenant privacy laws when entering the premises. ehow
Learn and follow your state's landlord tenant laws. Each state has its own laws and guidelines for both landlords and tenants. The Nolo website has links to the various state laws. Also, become familiar with the federal Fair Housing Act that prohibits discrimination.
2
Protect your asset. Get rental insurance to cover damages. Consider purchasing a homeowner warranty that pays for certain repairs. Set aside extra money to pay for unexpected expenses.
Sponsored Links
Free Terminate Lease Form
Customize lease termination notices for your needs. Fast, easy, free.
www.legalcontracts.com
3
Select tenants carefully. A poor tenant can make your landlord job difficult by failing to pay rent or destroying your property. Interview potential tenants and check their credit history and references. However, be careful not to discriminate and violate Fair Housing regulations.
4
Create a written lease agreement and ask all occupants to sign. Ensure that the lease includes all terms of the rental such as who pays utilities. Search the Internet to find sample forms.
5
Maintain the property. Landlords have a legal obligation to maintain their property in livable condition. Eliminate potential hazards and security risks before the tenants move in. Be responsive to tenant requests and make repairs in a timely manner.
6
Stay in touch with your tenants. This will ensure you become aware of any needed repairs and spot potential red flags. However, you must comply with tenant privacy laws when entering the premises. ehow