Holicent
VIP Contributor
Some common mistakes that cost landlords thousands to deal with could be:
1. Not properly collecting rent. It’s not just about not paying on time, it’s also about not making sure you are collecting the right amount of rent. You need to know how much your property is worth and what you can afford to pay each month. If you don’t know those figures then I’m afraid there is no way for me to help you out.
2. Not having insurance for your property. The last thing that anyone wants is to have their property damaged or completely destroyed by fire or other disasters. Having appropriate insurance will give you peace of mind as well as protection from financial loss if an unfortunate event were to occur at your property such as a fire or burglary.
3. Not getting credit checks on tenants before letting them move in so that if something goes wrong we can get them out quickly and avoid further damage or suffering for both parties involved.
1. Not properly collecting rent. It’s not just about not paying on time, it’s also about not making sure you are collecting the right amount of rent. You need to know how much your property is worth and what you can afford to pay each month. If you don’t know those figures then I’m afraid there is no way for me to help you out.
2. Not having insurance for your property. The last thing that anyone wants is to have their property damaged or completely destroyed by fire or other disasters. Having appropriate insurance will give you peace of mind as well as protection from financial loss if an unfortunate event were to occur at your property such as a fire or burglary.
3. Not getting credit checks on tenants before letting them move in so that if something goes wrong we can get them out quickly and avoid further damage or suffering for both parties involved.