Fewer costly and time consuming legal problems
Veteran landlords know it only takes one troublesome tenant to cause significant legal and financial headaches. A good property manager is armed with the knowledge of the latest landlord-tenant laws and will ensure that you are not leaving yourself vulnerable to a potential law suit. Each state and municipality have their own laws, these plus federal law cover a number of areas including but not limited to:
Tenant screening
Safety and property conditions of the property
Evictions
Inspections
Lease addendums
Terminating leases
Handling security deposits
Rent collection
Avoiding a single law suit can more than pay for the property management fees, and spare you time and anguish.
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