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Finding trustworthy renters, taking care of upkeep and repairs, and ensuring compliance with local laws are all part of managing a rental property. More work is generated as a result, including more advertising, applicantscreening, rent collection, move-ins and move-outs, and upkeep.
While fair housing covers every aspect of renting, it’s during the marketing and applicationscreening phases that we see the most mistakes. Then, stick to it and always remember that common sense and striving to treat everyone equally are your guiding principles.
It can involve using single-family property management software to streamline tasks such as rent collection, applicantscreening, property maintenance requests, and accounting, among others. By automating routine tasks like tenant screening or lease agreement generation, you can save administrative time and associated labor costs.
However, there are certain things that landlords should avoid to ensure compliance. Fair Housing Act Firstly, landlords should not discriminate against any applicants based on certain characteristics according to the Fair Housing Act.
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