Landlord FAQ

1. How should I screen potential tenants?

• Check rental history, employment status, and income.
• Obtain references from previous landlords.
• Run a credit and background check.
• Utilize reliable third party reference tracking like SingleKey

2. What should be included in a lease agreement?

• Names of all tenants.
• Rental amount, due date, and late fees.
• Security deposit details.
• Lease duration and renewal terms.
• Maintenance responsibilities.
• Utility obligations
• Usage of additional buildings and spaces

3. How much should I charge for rent?

• Research the local rental market.
• Consider property size, location, and amenities.
• Factor in maintenance costs and property taxes.

4. How do I handle security deposits?

• State the deposit amount in the lease.
• State who,where,when the deposit will be sent
• Document the property’s condition before move-in. ( photos required)
• Follow legal procedures for returning or withholding deposits.

5. What maintenance responsibilities do I have as a landlord?

• Ensure the property meets health and safety standards.
• Promptly address maintenance issues.
• Provide notice before entering the property.(minimum 24 hours)

6. What should I do if a tenant is not paying rent?

• Check the lease for late payment penalties.
• Send a written notice to the tenant.
• Follow legal eviction procedures if necessary.

7. Can I raise the rent, and if so, how much and how often?

• Check local rent control laws.
• Review the lease agreement for terms on rent increases.
• Provide proper notice to tenants.

8. How do I handle repairs and maintenance requests?

• Have a clear process for tenants to report issues.
• Address urgent matters promptly.
• Communicate with tenants about the status of repairs.

9. What are my responsibilities regarding tenant privacy?

• Provide notice before entering the property. ( minimum 24 hours)
• Respect tenant privacy rights.
• Handle personal information securely.

10. What are the legal requirements for eviction?

• Familiarize yourself with local eviction laws.
• Provide proper notice and reasons for eviction.
• Follow the legal process carefully.

11. When Should I consider a hiring a property management company?

• If you are not confident in the local real estate laws and tenant practices
• Time/availability is limited to respond to tenants
• If you don’t have connections with local reliable contractors
• You want peace of mind through the nights and off days

12. How can I tell a good from a bad property management company?

• Time to respond
• Track record with previous landlords/homeowners
• Has proper licensing and insurance
• Home owner references