The Top 10 Best Tips for new landlords

TOP 10 BEST THE TIPS FOR NEW LANDLORDS For Rent Make it Easy For Your Tenants Save For a Rainy Day • Provide a reference binder and install a keybox to prevent lock outs. • Plan ahead by funding a reserve account and/or obtain a line of credit so you can handle unexpected expenses. Make Security a Priority Follow Your Entire Screening Process Rekey door locks, add window locks and provide excellent night lighting. • Don't rush tenant screening by skipping any employment, reference or credit checks. Use Customized Forms Prepare for Bumps in the Road • Use non generic lease agreements/forms and update them routinely. • Look at problems as learning opportunities that help you become a successful landlord. Use Your Head Not Your Heart Run it Like a Business Protect your business by knowing your local eviction guidelines before you need to use them. • Maintain a business-like mindset and keep yourself organized by using a landlord checklist. Keep on Learning Establish Great Tenant Relationships • Take classes, join networks, and participate in online landlord communities. • Prepare well for your first meeting and lay out your expectations for a great long-term relationship. Courtesy of: Leading Landlord HELPING LANDLORDS INCREASE THEIR INCOME AND EQUITY My www www.myrentalpropertycoach.com www www.leadinglandlord.com Rental Property Соach twitter www.twitter.com/LandlordShannon Blog www.leadinglandlord.com/blog A COMPLETE RESOURCE FOR NEW LANDLORDS Designed by | @cgambaccini • @luzunian TOP 10 BEST THE TIPS FOR NEW LANDLORDS For Rent Make it Easy For Your Tenants Save For a Rainy Day • Provide a reference binder and install a keybox to prevent lock outs. • Plan ahead by funding a reserve account and/or obtain a line of credit so you can handle unexpected expenses. Make Security a Priority Follow Your Entire Screening Process Rekey door locks, add window locks and provide excellent night lighting. • Don't rush tenant screening by skipping any employment, reference or credit checks. Use Customized Forms Prepare for Bumps in the Road • Use non generic lease agreements/forms and update them routinely. • Look at problems as learning opportunities that help you become a successful landlord. Use Your Head Not Your Heart Run it Like a Business Protect your business by knowing your local eviction guidelines before you need to use them. • Maintain a business-like mindset and keep yourself organized by using a landlord checklist. Keep on Learning Establish Great Tenant Relationships • Take classes, join networks, and participate in online landlord communities. • Prepare well for your first meeting and lay out your expectations for a great long-term relationship. Courtesy of: Leading Landlord HELPING LANDLORDS INCREASE THEIR INCOME AND EQUITY My www www.myrentalpropertycoach.com www www.leadinglandlord.com Rental Property Соach twitter www.twitter.com/LandlordShannon Blog www.leadinglandlord.com/blog A COMPLETE RESOURCE FOR NEW LANDLORDS Designed by | @cgambaccini • @luzunian