22 Tips
For Successful Rental Management

This Is Not Legal Advice. This information is provided as a courtesy only.
Neither RentAnnapolis.com nor any other party involved in the preparation, publication or distribution of this information makes any representation or warranty, express or implied, that this information contains all provisions that may be appropriate or necessary to address the specific interests of a landlord, tenant or others.

 

Property:_______________________________    Tenant:_________________________________


Property Preparation, Marketing and Legal Issues

1. Is the property in the best condition possible to attract the best tenants?

2. Is the new rent competitive? Will it attract the best tenants for this property?

3. Do your ads portray the best features of your property? Have you made the benefits clear?

4. Is the property being shown enough to prospective tenants?

5. Are you, the owner, clear on all your responsibilities under the laws preventing discrimination?

6. Is the property in compliance with ordinances and laws including the lead paint laws: MD House Bill 760 and U.S. Federal Title X? If built before 1979, is your property registered, required information provided to tenants and necessary lead tests (dust wipes, XRF, or other) successfully completed?

7. Are your insurance policies current and adequate -- both Landlord - Tenant Liability, Lead & Pollution coverage and Fire & Hazard?

Application, Deposits and Lease Approval

8. Have the applicants completed and signed all appropriate lease forms and applications?

9. Have you requested a Credit Report? Is the credit acceptable?

10. Have you contacted all references and verified all information on the application?

11. Do you have the First Month's Rent in the bank? Have the checks cleared the bank?

12. Do you have a sufficient Security Deposit (and pet deposit)? Have these checks cleared?

13. Have you approved of the new tenant and provided the new tenants with a copy of the signed lease?

14. If the property is part of a condominium or homeowners association, have you informed the tenants of their rules and restrictions? Have the tenants signed an acknowledgement of their responsibilities?

The Move-In and Moved-In Processes

15. Have you received a copy of the Tenant's Liability Insurance Policy?

16. Have you had a detailed discussion with the new tenants clarifying what they can expect from you and what you expect from them?

17. Have the electric, gas, oil, water, sewer, telephone, cable & other utilities been notified of billing changes?

18. Have you had a Walk-Through Inspection with the new tenants?

19. Has existing damage been recorded? Photos taken?

20. Is the Security Deposit in an escrow account?

22. Is the rent being paid on time and in full?

23. Is the property being kept up and in good condition by the tenants? Have you inspected lately?

 

When all of these items are successfully performed, you should be able to look forward to a successful relationship with your new customers — your tenants.

THIS IS NOT LEGAL ADVICE. This information is provided as a courtesy only.
Neither RentAnnapolis.com nor any other party involved in the preparation, publication or distribution of this information makes any representation or warranty, express or implied, that this information contains all provisions that may be appropriate or necessary to address the specific interests of a landlord, tenant or others.