Sunday, 16 November 2008
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Tools & Resources for Landlords & Real Estate Investors
It’s hard to stop tenants from abusing your rental property, considering that they, well, live there, and you don’t. But landlords can still be pro-active, and get a head start on their tenants.The Rental Application
An effective rental application is a landlord or property management company’s first line of defense. It will help you make an informed decision about your prospective tenants, and good ones include employment background, rental history, credit checks, and of course the ages of all tenants living there. Remember that you must safeguard this information to comply with federal privacy laws.
Landlord Resource: Free Rental Application
Smoke Detectors
Cheap smoke detectors can eat through batteries and, in extreme cases, not function very well. Our experience has been that First Alert smoke detectors are the most reliable, with a 10 year lithium power cell, mute button, and tamper-proof design that meets code for sealed/tamperproof alarms.
Landlord Resource: Amazon.com Shopping: First Alert Smoke Alarm
Do-It-Yourself Exterminating
Exterminators aren’t cheap, and sometimes aren’t even effective. Consider preemptively striking with roach motels and rodent-proofing the property. Close gaps, cracks, or holes, make sure there’s no open food available, and if need be, place traps around the house.
Landlord Resource: DoMyOwnPestControl.com Shopping: Maxforce Roach Bait Stations
Landlord Resource: E-Bug.net Shopping: Rodent Control
Lighting
Wanted to go green for a while now and not gotten around to it? Here’s your chance. Pick up energy-saving compact fluorescent light bulbs and contribute to energy conservation as well as cost trimming.
Landlord Resource: Lamps Plus Compact Fluorescent Light Bulbs
There are a lot of tools out there for landlords, and here’s a link for more free landlord forms.
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