Not everyone is destined to be a landlord. It’s a tough profession, and it takes a tough person to do it successfully.
If you agree with the statements below, you might not be cut out for owning and leasing rental property.
- It’s okay to rent out a property without requiring tenants to complete an application.
- I don’t have a problem with tenants allowing their friends and family members move in without my knowledge or permission.
- Background screening and tenant credit checks aren’t that important. I go by gut instinct.
- If a tenant has trouble paying rent, I’ll take some of it out of the security deposit.
- A handshake is better than a written lease.
- I always give tenants a grace period to pay the rent.
- If there are three roommates in a property, I’ll accept three rent checks.
- I’d feel bad telling someone they needed to leave my rental property.
- If I don’t like how someone looks, I won’t rent to him or her.
- I’ll go out of my way to make things work with a tenant.
- Even a bad tenant is better than a vacant rental.
- I’m not familiar with the housing codes or rental laws in my state.
These are just a few ways to get in trouble, lose money or fail at being a landlord. What can you experienced landlords out there add to the list?