How Can You Be Most Successful as a Landlord?

Knowing the obligations of landlords and how to best comply with them can save you a great deal of time and money spent dealing with tenant problems. During all stages of the rental property transaction, a landlord must comply with applicable landlord tenant law, such as the Uniform Residential Landlord Tenant Act, and ensure the federal Fair Housing Act and state and local laws governing landlord tenant rights and responsibilities are followed. Rental property management deals with laws covering everything from initial tenant screening and tenant application, creating the lease or rental agreement, to eviction for failure to pay rent. Successful landlords know what the legal responsibilities of the landlord are, how to follow proper procedures, and use the correct landlord tools to do so. Some of the important issues and what you need to know about them are outlined below.