Here are some leasing rules that will make your leasing experience more enjoyable and profitable.
Rule No. 1. Acquire your tenant: The first step for the property administration to be easy for you is to choose the correct one. That means selecting a tenant who loves your place and not just likes it because a lover is stable in the long run. You say ‘How do I know if someone loves my property?’ Simply put, you can see it in their eyes. Usually, after showing the owner, the loving prospect will say “What should I do now?” And he will have a DEPOSIT WAITING FOR YOU. If you walk out of his place saying “I still have a couple of places to see it,” that usually means the prospect is making a safe exit, making sure the door doesn’t hit his butt on the way out. Make sure your deposit is in guaranteed funds as effective, postal turn or cash check if the move is fast. The check is fine as long as it’s about 10 days before you move in or you’ve verified the account in person, as a check can turn bad several days later due to a bounced check or stop payment.
Rule #2.-The Lease Agreement- A valuable piece of documentation is the lease agreement. Establish the rules of the house, when the backward payments expire, the duration of rent, what happens if things go wrong or the tenant does not comply. This is valuable if you have to go short.
Los contratos de alquiler no pueden ser creados por usted, deben ser creados por un abogado. The specific points of the lease must coincide with the Landlord-tenant Laws. You can purchase a legally approved agreement and add items to the riders section if needed.
Rule #3. Late Payments – Late payments must be checks or money orders. Why do you ask? Create a trail in case you need it soon to know if payments went through or not. If you make this your rule, then it’s hard for a tenant to dispute that rent was paid when it wasn’t. The tenant would also not be able to say that his roommate stole the cash or something similar. I always give a receipt to the rent collected. You can also make payments convenient for tenants by allowing them to make bank deposits. Simply make deposit forms several months in advance with your bank account number on each one.
LOS PAGOS RETRASADOS DEBERÍAN requerir una sanción después de un período de gracia. The grace period is typically 3 or 5 days. After the grace period, load a percentage of the rent or say a flat rate. Usually the load is 5 or 10%. You have to make them feel a little bit responsible for paying their back.
Partial payments can cost you. Once he accepts a biased payment, he is giving permission to the tenant to stay and possibly form the balance of the month by law. Partial payments must be accompanied by a receipt indicating the remaining balance and when it is due.
Rule No. 4. Security: usually, the security of one month is retained to compensate for you, the owner, in case some destruction occurs in the rental unit. According to Florida law, that money must be placed in a bank account and the tenant must be given the bank that holds it and also indicate if there is an interest account, who receives the interest and approve it with the tenant.
Security should not be used to rent. It is your only leverage tool to stay by your side. Once allowed to be used as a missing late payment, the tenant could do anything to its facilities and you have no compensation. The tenant can after using it that he changed his mind about moving. That leverage would be gone permanently.
Rule#5. Maintenance: Remember that a happy tenure is a long termination. That means that when he calls, you answer with good speed. By doing so, he protects himself against excuses for not paying. If there are excuses, I’m sure they’ll surface when we return.
Have your team of maintenance professionals on hand. If you’re on a low budget, hopefully you’ll have Handyman skills. If not, try to get a talented handyman. An electrician, a plumber, a general maintenance personnel and a landscapeist personnel will need specifically on your list. Electrical and plumbing work is such a specific skill set that it needs specialists. A handyman can perform a variety of tasks such as masonry, carpentry, and even roofing.
Organize a time to do the work. Notify 24 hours in advance of the work to be done. As long as you meet the schedule, the tenant cannot complain that you don’t take repairs seriously.
Maintenance does not mean room service for every “break” of everything. Reemplazar las bombillas no debe ser parte de la excepción de mantenimiento al mudarse. Tenants must learn this from the beginning, otherwise, it will have an incredible amount of repair calls.
rule no. #6. Perfect Repossessions – No damage, sometimes you have to remove a tenant from the property. Perhaps this happened as a result of nonpayment of rent or misbehavior that violates the lease.
For lack of backward payment, this requires a 3 -day notice to evict Florida. Other lease violations require a 5-day notice. The notice must be delivered in person or posted on the door if it is not there and a copy left in the mailbox. I tend to take a snapshot hanging on the door with a timestamp. After 3 or 5 days, it depends on you, the lessor, present a complaint before the secretary of the court and carry out the eviction. Remember that the 3 or 5 days do not include holidays or weekends.
Remember that eviction is the last resort, communication must be used first. Eviction means that communication has broken down and the relationship cannot be repaired. If you fall behind on rent, ask why. Are there any work-related problems? Does the tenant have a plan to solve the problem? If it is a behavioral problem, can the tenant stop his behavior?
Eviction can be a long process. It can take months in some states or as little as 2 weeks in Florida, which is homeowner friendly. You, as the owner, can lose the rental of a month of eviction, but if you do not communicate with you, then, of course, make the eviction. Several tenants are betting on their delay and that delay usually costs the lessor a few months of rent.