Renting to Elderly Tenants? Here Are Important Things to Remember
By Utopia Management
One common thing that every landlord will see in the coming years is more elderly tenants renting than ever before.
This is occurring because people are living longer. Many elderly people who were once homeowners want to cash out of their homes and no longer be burdened by the responsibility of homeownership as they age.
If you’ve been getting more rental applications from elderly individuals, this article will provide you with important things to remember when renting to the elderly.
#1 – You Can’t Discriminate Against the Elderly
Thanks to Federal Fair Housing laws, elderly renters cannot be discriminated against and must be treated the same as any other renter.
#2 – You Cannot Discriminate Against Elderly Renters with Disabilities
Another important point that every San Diego property management company, and landlord across California, will agree on is that you cannot discriminate against elderly renters with disabilities.
Elderly renters who may have disabilities should be accommodated (within reason) because you don’t want to be accused of violating the American’s with Disabilities Act.
#3 – Enforce Rent Rules
Another important tip you must follow when renting to elderly tenants is to enforce rent rules with them just like you would with any other tenant.
Failure to enforce rent rules with elderly tenants in your rental property means you could find your financial position in peril when your tenants falls behind paying their rent. It’s best to make sure that you hold them to the same standards as other tenants.
Get Property Management Here
For professional property management for your South California rentals, contact Utopia Property Management today. We are a rental management company, based in San Diego, who specializes in all aspects of property management including rent collection, tenant placement and more.
Learn more about us by calling us at (858) 598-1111 or connect with us online through our website.