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Reply to "New to being a landlord - what haven't I thought about/considered?"
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[quote=Anonymous]Do not underestimate the wear and tear on your property. Renter are not as invested in maintaining it and things will break or wear out with use -- they may not tell you in a timely manner and that can cause repair or replacement issues. Also, do a thorough walk through before your tenant moves in (with photos) and have them do the same so you have a baseline of the state of the property for when they move out. If your tenant brings up a maintenance issue such as leaking pipes or an appliance that stops working be mindful that they are still living there and need to have full use of the property (for example, if the washer stops working because it's 20 years old don't wait three weeks to replace it - how are they going to do laundry in those three week, especially if it's a family).[/quote]
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