Standard operating procedures

[Luke Hoffman]

Hello!

My wife has requested that we have standard operating procedures. I am currently writing them out. I have tenant move in/move out, maintenance, tenant screening, rent collection, turning over a rental, tax time.

What are the ones that I missed?

[Joel Allen]

@Luke Hoffman

A few more to consider:

1. Marketing SOP - Where/when will you list the property for rent? Have a standard write-up/description of the property you can dust off each time. 

2. Periodic Inspection SOP - How often will you do periodic walk-throughs of the property with the tenant (quarterly? semi-annual?).  What checklist will you use for that periodic inspection?

3.  Late Payment / Eviction SOP - How will you handle late payment (or non-payment), and how will you handle eviction?  Make sure your SOP is in line with applicable laws for your state/city.