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Trulia Fort…, Other/Just Looking in Fort Lauderdale, FL

What are the top 5 landlord mistakes?

Asked by Trulia Fort Lauderdale, Fort Lauderdale, FL Thu Dec 20, 2012

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7
Maria Cipollone’s answer
One of worst mistakes is not asking the tenant to get a tenant's insurance to protect their beloning and in some cases excesive damaged to the property. and the second one, is not asking for two security deposits when prospective tenant does not a perfect credit score.

Best of Luck,

Maria Cipollone
Century 21 Tenace

http://www.Flahomespecialist.com
1 vote Thank Flag Link Fri Dec 21, 2012
Trulia,

Friendly reminder to check out the article on Zillow about this very topic!

http://www.zillow.com/blog/2012-06-26/5-common-mistakes-when…

Best of luck with your rentals!


Chad Gray PA, Realtor
Luxury Living Fort Lauderdale
Coldwell Banker Residential Real Estate
754-300-6040

100% of clients rated our service as "EXCELLENT"!
http://luxurylivingfortlauderdale.com/what-clients-are-saying/

.
0 votes Thank Flag Link Fri Jan 25, 2013
1. Not committing to the use of a binding written contract.
2. Not responding to tenant concerns in a timely manner
3. refer to 1 & 2
4. refer to 1 & 2
5. refer to 1 & 2
0 votes Thank Flag Link Wed Jan 23, 2013
Trulia Fort Lauderdale,

Here's a great post on landlord mistakes that you might find helpful: http://www.zillow.com/blog/2012-06-26/5-common-mistakes-when…

Chad Gray PA, Realtor
Luxury Living Fort Lauderdale
Coldwell Banker Residential Real Estate
754-300-6040

100% of clients rated our service as "EXCELLENT"!
http://luxurylivingfortlauderdale.com/what-clients-are-saying/

.
0 votes Thank Flag Link Wed Jan 23, 2013
A thorough background and credit check is vitally important. While there are many tenants who have recently lost their homes to foreclosures or short sales or they may not have credit as they are being relocated from another country, their credit might not be good, but you could ask them to provide a letter from their employer along with last pay stubs, etc. to overcome that concern. The real concern is their background check. Making sure that they don't have a prior record of anything that you would not welcome into your house or neighborhood. Every landlord should require this be done upfront along with their application. Additionally, making sure all conditions are set forth in a lease, and having them initial pages of Florida's Landlord Tenant Act. This is one advantage of utilizing a Realtor and making sure that they screen with a background and credit check. They will also use the lease set forth by Florida Realtors. These leases were designed by many lawyers, so it is designed to protect both parties. Hope this helps!
0 votes Thank Flag Link Thu Jan 17, 2013
As a landlord myself, I recommend calling the tenants previous landlords going back 3 years. Just not the last landlord. Speaking directly to tenants employer , have the tenant give him permission to tell you how much the person makes. . Getting a background check from other states where tenant has lived. Execute a agreement to go into a lease and the lease.
0 votes Thank Flag Link Fri Dec 21, 2012
The number one mistake is not screening tenants properly. Nothing will hurt your bottom line more than a bad renter.
0 votes Thank Flag Link Fri Dec 21, 2012
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