How to Avoid Landlord-Tenant Feuds - PowerPoint PPT Presentation

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How to Avoid Landlord-Tenant Feuds

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Much of the problems that arise in landlord/tenant relationships comes down to some basic things which can be avoided. By maintaining a good file keeping system and clearly communicating the parameters of all agreements, strong relationships can be forged. – PowerPoint PPT presentation

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Updated: 1 October 2013
Slides: 11
Provided by: ezlordcom
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Title: How to Avoid Landlord-Tenant Feuds


1
Avoiding Landlord-Tenant Feuds
averting unpleasantness before it happens
2
Tenant Screening
  • A large percentage of landlord woes could be
    avoided if simple tenant screening practices had
    been employed.
  • By screening potential tenants, you are able to
    look for areas that may become a problem. By
    knowing them, you can better plan for them.
  • Be sure to understand the legalities of what you
    are able to screen for, and what you are not.
    While screening is okay within boundaries,
    profiling is not.

3
Consider the Community
  • Every community has its own personality. By
    considering the type of community you are renting
    into, you can avoid problems in the future.
  • If your renters are a quiet couple with no kids,
    they may easily grow frustrated if living in a
    community full of active children.
  • Although its not necessarily your problem,
    tenants tend to find scapegoats for their
    problems. Landlords are perfect targets.

4
Clear Communication
  • The majority of landlord-tenant disputes could
    have been avoided with better communication early
    on.
  • Discussing common problems up front often
    prevents them later it can be hard to find
    common ground once trouble ensues.
  • By spending time focusing on clear and concise
    communication and documentation, you lessen the
    probability of a big blow-out in the future. It
    is truly an investment that pays in dividends.

5
Do Your Part
  • Although it may not always seem like it, most
    people arent looking for trouble. The majority
    just want to live their lives with as little
    problem as possible.
  • Repairs and maintenance are a common source of
    friction be sure to have several
    contractors/handymen ready to call at the first
    sign of a needed repair.
  • When you take care of maintenance promised and
    upgrading facilities when needed, tenants stay
    happy and vacancy rates drop.

6
Have The Correct Forms
  • Agreeing in writing, ahead of time, will prevent
    many common problems before they ever take place.
  • Every time that you and another sign a document,
    you are stating fact to be used in a court of
    law if ever necessary. This is not a small thing.
  • To help, there are online businesses that keep
    track of necessary forms per state. They can also
    help with other tasks, such as drafting a lease
    agreement template.

7
Use Software to Build Your Own Leases
  • Lease agreements can be a tricky and expensive
    document to have drafted. If you manage several
    rentals, than the cost of continual customization
    can become prohibitive.
  • Regardless, leases are the backbone of landlord /
    tenant relationships and must be taken very
    seriously.
  • By employing an online lease building software,
    you can easily create and modify your own lease
    templates while the software checks for accuracy.

8
Keep Copies of Everything
  • When a landlord-tenant relationship grows heated,
    it is important that you are prepared for what
    may come. This means having kept proper
    documentation.
  • Litigation is not the route that most people want
    to go down. Unfortunately, it is sometimes the
    only recourse.
  • By keeping copies of every transaction, notes
    from meetings, and other interactions, you carry
    a much stronger case.

9
Know Your Rights
  • Many people get hurt in landlord-tenant
    transactions merely because they do not know what
    rights the law affords them. In this case,
    ignorance is not bliss.
  • The other party may well be wrong about the law
    as well. People often badger others into
    believing something that is simply not true.
  • By knowing your rights you can short-circuit
    potential problems before they get out of hand.

10
Wouldnt it be Great If
  • The landlord that finds the perfect tenant is the
    landlord that won the jackpot. The rest of us are
    often not so lucky.
  • By using clear communication, proper
    documentation, and honoring your
    responsibilities, you will at least find that the
    amount of drama decreases.
  • New tenants are an unknown remove the risk of
    rent defaults by insuring your rentals cash
    flow. Even if the tenant stops paying the rent,
    the insurance will pay it until you evict them
    and find a new tenant.
  • Http//www.ezlandlordforms.com
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