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Summertime is all about island scents and refreshing yourself. I find there`s nothing better than after being out all day in the heat, taking a nice long relaxing shower using a refreshing scented body wash to get all cleaned up and relaxed. To me, if it doesn`t have a smell or it doesn`t ...
Best In Class Silicone Cooking Gloves - $24.99 (Reg. $49.97) The first time I ever tried silicone gloves I had my doubts. Now I don`t touch the cloth and material gloves/mitts. These gloves are high quality, well made, durable and work great! I love them for baking in the kitchen and my hu...
Choose your samples! There are 40 items to choose from in the following categories: Skin Care, Makeup, Hair Care, & Fragrances, Sports Nutrition & Supplements, Snacks & Candy! Buy the products and receive credit back to your account making them free. Brands include Vichy, L’Occ...
Remember that pricing on Amazon is subject to change at any time.
Amazon just dropped the price on this Rubbermaid Modular Canisters 8-Piece Food System to $15.97, which is the best price on record! It has excellent reviews, and ships free with Amazon Prime or Fre...
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Get ready to battle out your FREE Super Bowl knowledge in this interactive quiz!
It`s not complicated, it`s not difficult if you have any knowledge about football, and it`s super fun! Do you know who`s won the most Super Bowls? Who performed the last halftime show? Questions ...
Daily deals sites are Web sites that provide various deals that are only available for a limited time, usually throughout the day and sometimes even less time than that such as maybe hourly deals. These are also usually very good deals. They're not always the greatest though so...
Leasing property is a complicated and challenging business, and even simple mistakes can lead to big financial or legal consequences. It’s important to be diligent and well-researched while sticking to proven business practices.
This is doubly true for new landlords entering the business. The first year is often the roughest, and you’ll need any leg up you can get during your transition. This isn’t to say that experienced landlords don’t make mistakes (everyone does), but you’ll be much better off if you can avoid some common mistakes in the beginning.
Lack of adequate insurance is a big mistake in any situation, and as a landlord, it can be a fast ticket to financial ruin. When looking for a landlord insurance policy, there are two basic types that you’ll need: property insurance and liability insurance.
There are different levels of property insurance, but the purpose is basically what it sounds like. This insurance protects your property in cases of fire, flooding, earthquakes, and other natural disasters/occurrences. There are more advanced policies you might consider investing in depending on your area that protect you from wind damage, or even terrorist actions, but some form of property insurance is always needed.
Liability insurance, on the other hand, covers you in case of incidents occurring on your property. This includes things like tenants or visitors being injured on your property or anything else that you could be held responsible for. The general rule is that you should have insurance that covers you for at least one million per accident.
Basic maintenance is one of a landlord’s biggest responsibilities. You’ll always be legally required to maintain minimum standards of living for your tenants, which includes ensuring a safe environment and keeping all appropriate appliances/amenities in working order. Having a routine schedule for maintenance can help you spot problems before tenants do and keep everything in order.
You’ll need to be sure you’re working maintenance into your budget as well. That is, you need to charge enough rent to afford smaller fixes to appliances so you aren’t spending out of your own pocket. The time for that will come in the event of a major repair, like fixing structural damage, so you need to avoid small costs wherever possible.
Bad tenants are one of the most common landlord nightmares, and failing to be thorough during your screening process is the easiest way to get them. There are plenty of options out there for a landlord background check, so make sure you’re taking advantage of them. It’s understandable to want to fill vacancies as fast as possible, but replacing one problem with another is not a solution.
You’ll obviously want to do a credit check and look for any criminal record during the background check. Bad signs here are the most obvious warnings of a potentially bad tenant. Getting an employer reference is always a good idea as well, since you want tenants who are financially sound. You can also ask for references from previous landlords, and this will give you a much better idea of what to expect.
Being too lax with tenants
It’s certainly possible to develop a good rapport with tenants, but it’s imperative that you treat rent collecting as your top priority. It’s important to remember that these aren’t just your friends — they are your means of livelihood. Crossing the professional line can be a huge mistake if it leads to tenants trying to take advantage of your good nature.
Late charges should be pursued aggressively, and if necessary, you should be notifying tenants about the possibility of eviction as soon as possible. The eviction process is often a long one, and waiting on this can put you many months behind on collecting.
There will always be challenges when it comes to leasing properties, but knowing how to avoid these common mistakes will make things go significantly smoother.
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This website was created and owned by Ashley & is based in the USA. While sometimes we do have posts that are internationally and worldwide, this is not often. Our target audience is in the USA so please keep this in mind when using this site. Please note that Closet of Free Samples does accept forms of cash advertising, sponsorship, paid insertions and/or other forms of compensation. Read More →