When you become a landlord you begin to take on a variety of responsibilities. It’s important that you stay aware and informed in the face of the law and the rights of your tenants as well as yourself. Ness Property Management is helping our clients protect themselves. Ensure that you’re always aware and following the law, especially in the following areas.
Hazards are first and foremost. Be sure that your property’s appliances, features, and location are safe. Check the electrical, infrastructure, and overall space regularly. If there is a hazard that results in damage, health concerns, or even an accident, you may be at fault.
If you suspect that your tenants are engaging in illegal activity it is imperative that you take action immediately. You may be held liable if you don’t take the appropriate actions. Avoid this potential threat by properly screening and managing your tenants. Monthly property checks and simple chats will give you more insight on the living situation as well as give you the opportunity to oversee the upkeep of your property. Take action before there are any serious repercussions.
Treat all of your tenants as equals. The Fair Housing Act of 1968 requires that landlords do not discriminate against prospective tenants based on race, color, national origin, religion, sex, familial status, and disability. Discrimination is not a legal battle you want to find yourself in. Respect, communication, and professional management goes a long way.