Being a landlord can be prosperous and exciting, but it can also be hard work. If you are already actively working as a landlord, either full time or as an extra source of income, you are already aware of your responsibilities involving property maintenance. An element of customer service is also involved, since you’re dealing with tenants who you want to maintain a good relationship with. Because most rental laws favor the tenant, being a good landlord is in your best interest.
On the other hand, taking on the role of a landlord can mean being woken up in the middle of the night during a tenant’s crisis. You may have already encountered this type of situation, such as a tenant in a panic about a broken appliance or a leaky faucet. The responsibility to fix your tenants’ home repair issues, or outsource them to someone who can, ultimately rests … Read the rest