TIP OF THE MONTH - December 2014
Source: The Landlord’s Handbook-2nd Edition
Daniel Goodwin & Richard Rusdorf
believe that Landlords and Tenants are natural enemies. Landlords
are sometimes seen as heartless money-grubbers who would trade their
mothers for a rent increase; or they are overworked, underpaid drudges
who are slaves to their properties and Tenants. Tenants are
frequently seen as ne’er-do-wells who make unreasonable demands,
destroy property, and refuse to pay rent.
There is some truth in these stereotypes:
bad Landlords and bad Tenants do exist. But the Landlord-Tenant
Relationship is basically a business relationship. If you learn
to manage rental property efficiently-and that includes choosing good
Tenants-then Landlord-Tenant transactions can be mutually rewarding.
It is well worth learning to deal with
residents in a rational, businesslike way. When a property is
badly managed it becomes an active drain on all your valued resources:
the physical property itself, your time, your energy and your money.
Real Estate Services: it also has an impact on property values,
including but not limited to blight in your neighborhood, insurance
costs, operating costs, health & safety issues, environmental
issues.) It is all about management!!
This web page was updated on 11/29/2014.