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

Tenants wont be hard to find like you mentioned but mindfulness on the protection laws in the process will be important.

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.

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.

The primary goal is to protect the owner’s investment, maintain property value, and ensure a steady cash flow.Why Property Management MattersMaximizing Income: One of the key goals of property management is to ensure that the property is generating the highest possible return on investment (ROI).

@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.

You'll want to protect yourself from a potential personal injury suit.Lastly, you'll want to get the eviction process started with the courts. 

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

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 ????

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.