Rookie Landlord Mistakes You’re in Danger of Making
By Utopia Management
SAN DIEGO, CA. – Did you just purchase your first Southern California rental property? If so, there’s no doubt that you’re on the way to building long-term cash flow and wealth but you may also encounter many situations in the coming year where you will make typical rookie landlord mistakes.
Thankfully, we’ve made owning rental properties simple for you by breaking down some of the most common rookie landlord house management mistakes so you don’t end up making them.
Mistake #1 – Neglecting the Notice to Enter
Regardless if you plan on making repairs to your rental property or are going to stop by to do a general inspection, one thing that every San Diego property management company, and landlord across the state will agree on is you cannot neglect to notify your tenants at least 24 hours in advance.
Many owners think they can enter their rental whenever they want, but this is not the case, so to avoid possible landlord-tenant disputes it’s vital to always notify the tenant over the phone, text, email and post a notice on their rental before you enter the property.
Mistake #2 – Applying Different Standards for Each Tenant
One key to success when it comes to owning rental properties is applying the same standards for each tenant because failure to do so could mean that you could be accused of violating a tenants Civil Rights or Fair Housing laws.
It’s best to set the same standards and criteria for every tenant just to ensure that each renter gets the same treatment across the board as other renters.
Mistake #3 – Not Hiring a Property Management Company
Sure, your friend, co-worker or relative may have self-managed their rentals for years but how many rental properties did they ultimately own without the help of a property manager?
If you want to grow a portfolio of rental properties in Southern California it’s best to hire a professional property management company now, rather than later.
A property management company will save you the time, money and hassle of managing your rental property yourself and ensure that you can continue with your normal life without being overburdened with all of the day-to-day aspects of owning a rental