Monday, November 8, 2010

Mistakes that Landlords and Santa Monica Realtors should not Make


Landlords and Santa Monica Realtors can avoid mistakes by following these rules. Use lease agreement forms that are compliant with state laws.


Know what kind of questions you can ask when interviewing, avoid discriminating against the same classes protected in employment. Know what is discriminatory and what is necessary for proper screening.


Only offer what you really have. Don’t embellish. Charge reasonable late fees for late payment and for true damages.


National Assciation of Realtors, Washington, D...Image via WikipediaBe clear about access to units to avoid privacy violation issues. Landlords should maintain the property and should give notice when repairs need to be made.


Deposits should be used for rent repairs only and should be returned at tenancy end according to state laws. If the tenant breaks lease early, the landlord should take steps to re-rent the unit and return deposits in excess.


Managing a Santa Monica apartment building is much easier with the help of a Santa Monica Realtor.

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