10 Mistakes Every Landlord Should Avoid

  For sure you expected this one, After all, PPM is a professional property management company. As we mentioned before, we are passionate about helping rental owners “do things right,” whether you hire us or not. However, our influence is limited if we’re not fully on your team. We can share facts and advice, but…

We’re nearing the finish line, but that doesn’t mean the topics are getting less important. They certainly aren’t. In fact, today’s mistake can be serious. I’m talking about… Landlord Mistake #9…Fair Housing Failures Do you know that rental applicants have legal rights? They do! Some landlords think they can just pick and choose tenants based…

Today we’re on Landlord Mistake #8, Insufficient Insurance. Pro Property Management is not an insurance company – we don’t sell it and we’re not professional insurance advisors. However, we have seen landlords make this mistake more than we’d like, so I’m sharing our perspective with you. Having insufficient insurance can ruin your rental business. Period.…

There is one word that makes homeowners shake in fear and trembling… BEDBUGS This issue is so important that I’m going to preach about it for this entire message! Landlord Mistake #7 is bug blindness…specifically, bedbug blindness. Landlords must be knowledgeable about bedbugs. If you don’t know much about them, you should clear your afternoon…

  It’s time for Landlord Mistake #6, making poor financial decisions…Financial Fumbles. Each landlord we serve has their own goals for their rental property. They want their property to generate monthly income right away. They want the value of their property to grow over time so they can cash out on the equity. They want…

  Should you allow pets in your rental property? This is a common decision that landlords face. Perhaps you have too. For most pets, there are minor risks involved, such as damage to floors, walls, door or window frames, and the yard. Yet, there are strong benefits to renting to tenants with pets. It widens…

Can you relate to any of the mistakes I’ve shared so far? Landlord Mistake #4 is allowing squatters at your investment property. A squatter is a person who “settles on a piece of land without title, right, or payment of rent.” In other words, they live somewhere without the property owner’s permission. There are 2…

Managing tenant relationships is probably the most difficult yet critical aspect of successful property management. Landlords must be legally choosy about who they rent to. Getting the right tenant in your property is the very best way to reduce risk. If you do this well, your landlord experience will go much more smoothly! So, what…