When a tenant leaves owing $2,000 in damages, reporting them to a credit reporting agency may pressure them into paying you to protect their credit.

A realtor’s contract is set up to protect you against lawsuits.

@Raghavendra Jakkani wanted to add that some states, source of income is protected so you can’t exclude income sources that may come from child support, government assistance etc.

To protect yourself, consider covering the electric for now, keeping a record of any payments, and adding them to the total owed when you file for eviction.

U think @Russell Brazil or @Steve K. are not going to be there at the final walk through to make sure their clients are protected ????

This could be anything from confusing UX to lack of certain integrations.How useful would a custom listing site be for you?

Happy to share experience along with do's and don'ts to make sure your money is protected.

If you manage homes built before 1978, there's a key regulation to be aware of: the Environmental Protection Agency (EPA) requires property managers and Landlords Nationwide to be certified in lead-based paint handling.

If your property is owned by an LLC using it for personal use may negate any liability protection the LLC would have offered. 6.

A way to protect against this is to stagger the new leases / rent increases. 5.