Do you have a home, apartment house, condominium, townhouse or other location that you rent out? Are you having difficulty with unruly tenants, trouble correcting the rent, difficulty evicting tenants and other problems? Let’s face it, handling any kind of rental not only takes time from your busy schedule, but can lead to unpleasant confrontations.
In today’s world, it is almost impossible to be able to properly screen applicants for a home or other type of rental. While the application looks great, it is not always true. When you have a bad tenant, you can not only wind up with problems with collecting the rent but sometimes the place is trashed when you finally get the tenant out.
Today’s rental laws also sometimes make it difficult to get someone to move out. Knowledge of these laws is imperative when someone, you really do not know, is allowed onto your property. For example, in many states there are special laws regarding eviction of people who are elderly or have disabilities. When issuing a lease it is essential that a section be included regarding payment of rent and termination notice.
California law states: “Tenants may withhold rent, move out without notice, sue the landlord, call state or local health inspectors, or exercise the right to “repair and deduct” if a landlord fails to take care of important repairs, such as a broken heater.” (www.nolo.com/legal-encyclopedia/overview-landlord-tenant-laws-california.html)
Regardless of the size of your rental property, especially if it is a single home, having someone take possible problems off your hands is important if you want to enjoy peace of mind.
There is an answer to this problem and it is the Home Owner Association, also called the HOA Management Services. There are offices throughout the country and they offer excellent service, which can be customized depending on the size and type of the rental.
Some of these services include:
• Flat Rate Management Fee
• Fast Response Time
• Electronic Rent Collection
• Maintenance and Repair
• 24-Hour Support
• Eviction Services
Investment in a home, that is to be used as a rental, involves a great deal of time, energy and money. This makes it important to have tenants that will not only take proper care of the property but will pay their rent timely as well. The heartbreak of viewing a home, after tenants have moved out, that is more or less ‘trashed’ can be heartbreaking. This can mean having to start all over again with painting and other repairs. This can cost more than you have collected in rent.
This makes it important to engage a rental agency that is upfront regarding their management fee as well as their responsibility in making sure your tenants are dependable and will take care of your property as if it were their own. They will carefully screen applicants, check references, work records, past landlords, and other things to make sure they will treat your home rental as if it were their own. This is an opportunity to have peace of mind in your rental of a home.