New Year's resolutions for housing providers, property managers, and the real estate professionals who serve them.
It’s that time of year to reboot. In an annual tradition, we suggest best practices to commit to. Here's what made it to the top of our list.
Before purchasing a tenant-occupied property, or advising clients on purchasing a tenant-occupied property, I will ascertain the legal status of the tenants and occupants.
I will familiarize myself with the new photo-taking requirements under a new law going into effect in 2025.
Knowing that the eviction process will take longer, I will demand rent as soon as it becomes due.
I will be involved in lobbying efforts and be a voice for all housing providers.
I will document every interaction I have with my tenants.
I will name every adult occupant on the lease and conduct screening on every one of those adults.
I will take steps to prevent squatting and proactively respond whenever squatters are on my property.
I will require my tenants to obtain renters insurance to insulate myself from liability.
I will get organized with my property management software and if I do not have the technology to streamline my property management, I will obtain it.
I will follow Bornstein Law on social media to get legal updates in real time.