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However, both federal and state laws have something to say about smoking — even in private spaces like rentalunits. In addition, landlords may prohibit smoking under the rentalagreement and an apartment smoker will face consequences should they ever break the rules. What about marijuana?
When it comes to a landlord's long-term success, there is nothing as important as propertymaintenance. Here are six essential maintenance practices you can implement for a winning propertymaintenance strategy. Having the tools and materials to do routine maintenance tasks can make things much smoother.
Key provisions include: Extended Notice Periods: Increasing the notice period for evictions and lease terminations. Rent Control Expansion: Extending rent control measures to more properties. Maintenance and Repair Mandates: Requiring landlords to address maintenance issues more promptly.
It also encourages tenants to stay longer in your rentalunit. Keep reading this article to learn the common mistakes DIY landlords make when managing their property: Confining the Agreement to Verbal A lease contract is binding and protects both landlord and renter. This cuts off their projected profit.
Multifamily investment, on the other hand, involves purchasing buildings with multiple rentalunitsleased to long-term tenants. It often requires a significant upfront investment and ongoing management to ensure tenant satisfaction and propertymaintenance. What does each investment strategy require?
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