If you were to knock on the door of your rental property today, would a stranger answer?
What could be more frustrating for a landlord than spending the time to weed out bad rental prospects, only to have the tenant allow strangers to move in? Unfortunately, it’s not that uncommon. But it is unacceptable.
Your tenant puts you and your property at risk when they invite others to stay in the rental. First, there is the increased liability if the guest causes a disturbance–or worse. Then, there are increased costs if the landlord pays for utilities, and increased noise and traffic. That’s not to mention the shock of finding out the original tenant left, and now you don’t know who is living in the rental.
To avoid an unwelcome surprise, take these steps to stave off a tenant bait and switch:
Read more...Are You Sure You Know Who Is Living in Your Rental? via American Apartment Owners Association