Ways You'll Need to Take Responsibility for Your Rental Properties
Start writing a post
Lifestyle

Ways You'll Need to Take Responsibility for Your Rental Properties

Managing rental properties requires the right knowledge. Here's what you'll need to keep in mind when renting properties.

42
Ways You'll Need to Take Responsibility for Your Rental Properties

Managing a rental property can provide you with a nice income. However, there are some things that you need to do in order to make sure that things run smoothly. Here are some of the ways that you'll need to take responsibility for your rental properties.

Screen Tenants

Before you rent out one of your properties, you need to screen your tenants. This often includes things like a credit check and verifying their employment. It's also a good idea to get a drug test done at a lab like Clandestine Drug Labs. These tests don't cost a lot, and you can have your prospective tenants pay for it. By screening your tenants, you can increase your chances of renting your properties to the right individuals.

Collect Rent

As a property manager, you will need to be available to collect rent. While it is a good idea to give your tenants the ability to pay their rent online, you may need to visit their homes if they are late or have no other way to bring you the rent. After you collect it, you will also need to keep track of who has paid it.

Schedule Repairs

Rental properties often need some sort of repairs. While some of these repairs may be easy enough that you can complete them yourself, you may find that there are times where you need to hire someone else to complete them. After you schedule the repairs, you may need to be at the property to meet the repair person if the tenant won't be home during this time.

Handle Evictions

Unfortunately, many property managers have to handle evictions. If you have a tenant that stops paying their rent or has breached the lease, you will need to have them evicted as soon as possible. It's not uncommon for a tenant to try to stay in the property as long as possible. When this happens, you will have to file an eviction with the courts and possibly have a hearing with a judge and the tenant. This will end up costing you both time and money, but it will be worth it in order to remove the tenant and find someone that's more suitable for your property.

Property managers have a lot of responsibilities that they need to handle on a regular basis. Fortunately, many of them are able to bring in a substantial income and get a lot of satisfaction out of providing their tenants with a suitable place to live.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
a man and a woman sitting on the beach in front of the sunset

Whether you met your new love interest online, through mutual friends, or another way entirely, you'll definitely want to know what you're getting into. I mean, really, what's the point in entering a relationship with someone if you don't know whether or not you're compatible on a very basic level?

Consider these 21 questions to ask in the talking stage when getting to know that new guy or girl you just started talking to:

Keep Reading...Show less
Lifestyle

Challah vs. Easter Bread: A Delicious Dilemma

Is there really such a difference in Challah bread or Easter Bread?

18958
loaves of challah and easter bread stacked up aside each other, an abundance of food in baskets
StableDiffusion

Ever since I could remember, it was a treat to receive Easter Bread made by my grandmother. We would only have it once a year and the wait was excruciating. Now that my grandmother has gotten older, she has stopped baking a lot of her recipes that require a lot of hand usage--her traditional Italian baking means no machines. So for the past few years, I have missed enjoying my Easter Bread.

Keep Reading...Show less
Adulting

Unlocking Lake People's Secrets: 15 Must-Knows!

There's no other place you'd rather be in the summer.

947175
Group of joyful friends sitting in a boat
Haley Harvey

The people that spend their summers at the lake are a unique group of people.

Whether you grew up going to the lake, have only recently started going, or have only been once or twice, you know it takes a certain kind of person to be a lake person. To the long-time lake people, the lake holds a special place in your heart, no matter how dirty the water may look.

Keep Reading...Show less
Student Life

Top 10 Reasons My School Rocks!

Why I Chose a Small School Over a Big University.

123725
man in black long sleeve shirt and black pants walking on white concrete pathway

I was asked so many times why I wanted to go to a small school when a big university is so much better. Don't get me wrong, I'm sure a big university is great but I absolutely love going to a small school. I know that I miss out on big sporting events and having people actually know where it is. I can't even count how many times I've been asked where it is and I know they won't know so I just say "somewhere in the middle of Wisconsin." But, I get to know most people at my school and I know my professors very well. Not to mention, being able to walk to the other side of campus in 5 minutes at a casual walking pace. I am so happy I made the decision to go to school where I did. I love my school and these are just a few reasons why.

Keep Reading...Show less
Lots of people sat on the cinema wearing 3D glasses
Pinterest

Ever wonder what your friend meant when they started babbling about you taking their stapler? Or how whenever you ask your friend for a favor they respond with "As You Wish?" Are you looking for new and creative ways to insult your friends?

Well, look no further. Here is a list of 70 of the most quotable movies of all time. Here you will find answers to your questions along with a multitude of other things such as; new insults for your friends, interesting characters, fantastic story lines, and of course quotes to log into your mind for future use.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments