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Updated almost 9 years ago on . Most recent reply
Top 3 advices for a new landlord!
I have just started with few rental duplexes and fourplexes and learned already from my mistakes to do thorough background check, quick eviction and provide quick service. But I do not want to make all possible mistakes myself, could you please give me your top advices on how to run small rental business up to 29 doors.
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It's very difficult to narrow it down to three pieces but I'll try:
1 - Operate in a Chump-Free manner. Firm but fair always referencing and enforcing the lease.
2 - Leave unit vacant if you can't find someone to meet your minimum qualifications.
3 - Start showing units as soon as you get a 30 day notice of move out. Incentivize departing tenant to clean before showing.