There are only two times when a landlord really gets into trouble. One is when he feels sorry for his Tenant Advisory, and the other is when he is in a hurry. It is all right to give your Tenant Advisory a break when he has a legitimate problem, but only if you have verified that it is a true and likely non-recurring problem, and the way you cut him slack makes economic sense from your point of view. Take the time needed to screen your prospects, inform yourself of the condition of your rentals and arrange for necessary maintenance, and otherwise manage your properties. Are you really short of time? In that case, engage a reputable property management firm to do this for you. Keep your mind in firm control of your heart, and take your time and enforce your standards. This will keep you out of most of the trouble you are likely to get into. Browse our and . We have articles and books that will help you learn how to do this.
