Short-term letting is a growing trend and usually comes in the form of letting homes as vacation rentals via short-term letting companies, such as Airbnb. A major headache for property managers and investors is unauthorised lets from tenants.
Ideally, you would never have to put an early end to a tenancy. However, there are situations that call for such response. To avoid these sort of situations, it’s advisable to be clear and communicate with your tenant. Provide timelines, keep a paper trail, and make them aware of the process of breach in agreement is before they sign the lease. Another way to avoid an early or unexpected termination of a tenancy is to secure the kind of tenants you want in the first place.
From marketing to maintenance, your job as Landlord/Property Manager can be overwhelming at times. If you feel like you have too much on your plate, here are some tips to get you through all your responsibilities and ease your worries.
When screening a prospective tenant and you feel they’re not a good fit, a Property Manager/Landlord must check with the state discrimination law to check if their reasons may be considered unlawful. It’s always important to review state legislature to avoid issues such as a lawsuit.