Veteran landlords know it only takes a few troublesome tenants to cause you significant legal and financial problems. These problems can quickly add up, causing your expenses to skyrocket and your stress to multiply.
One of the best ways to avoid this is through a quality property manager. Those who have been in the business for any length of time will attest to this and affirm that a good property manager will help to ensure that you’re covered in the event of a legal issue. They consistently arm themselves with the latest knowledge concerning landlord-tenant laws, ensuring that you don’t leave yourself vulnerable to a potential lawsuit. Each state and municipality has its own laws of governance and federal law adds to these restraints. These cover areas such as screening of tenants, safety and condition of the property, tenant evictions, inspections, lease addendum, terminating a lease, security deposits and collecting rent.
Avoiding even one lawsuit will more than pay for the property management fees, and spare you the time and anguish that come with an extended legal battle.
If you would like to know more about property management and how engaging a property manager can help your business, contact our offices in Los Gatos, CA. We specialize in residential and commercial property management and are certain we have the right solution for your needs.