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If You Think I Am Just Trying to Scare You, I Am

 

So many property owners think they are qualified to manage their own rental units. They think it’s “just a matter of collecting the rent and repairing this and that”. If you are one of these property owners, please review the following questions and see how many you can answer:

  1. Do you know what the state requirements are for smoke and CO detectors?
  2. Do you know your state and local codes for outlets and entry locks?
  3. Do you know how to market your rental to get qualified applicants?
  4. Have you set qualifying guidelines for prospective tenants?
  5. Are you familiar with regulations on lead and asbestos abatement?
  6. Do you have the ability to run a credit report?
  7. Do you know how to read the credit report?
  8. Are you familiar with the Fair Housing laws, both state and federal?
  9. Are your forms up-to-date with all the clauses required in California?
  10. Do you know how to properly fill out & serve your notices?
  11. Is your property under rent control? (N/A in Sonoma County)
  12.  Does your City require any disclosures to tenants?
  13. Do you know what conditions would make your property “uninhabitable?”
  14. Do you know how “wear and tear” is determined at the Move Out Inspection?
  15. What do you do if the tenant breaks the lease?
  16. What do you do if the tenant withholds rent?

Miss any? Give Sue Carrell & Associates a call TODAY; you’ll sleep better at night.

Posted by: Sue Carrell and Associates on July 31, 2014
Posted in: Uncategorized