Rule 1: Acquiring the tenant-
First rule to be followed by any rental management company is to pick up the right tenant. “Picking up” a right tenant means- electing a tenant who loves the place or the property and is ready to be a stable tenant for a long duration. This can be found out by the response of the tenants. If the tenant really loves the place he will ask for the next step to precede further otherwise he may leave the place and ask rental property managers to give them some time for making a decision.
Rule 2: The Lease-
Lease is the valuable piece of documentation. Lease includes the rules of the house, when the rent payments are due, the rental duration, what happens should things go wrong or tenant doesn’t…
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