Perhaps you haven’t had a disabled individual apply for tenancy in one of your properties. Are you aware of their rights and your responsibilities in these situations? The laws protecting individuals with disabilities are numerous and complicated. Please read on for some basic pointers but remember, it is always best to consult a lawyer or hire an experienced property manager.
It’s weird, the more property you own, the less likely you are to want those darn kids off of your lawn. Millennials, those aged 22-37 in 2018, are now the largest current American generation, accounting for 25% of the population.
The good news for property owners is that this is a generation that watched the housing crisis of 2009 destroy the life they understood. As a result, they generally prefer to rent than to own. In short, they are a phenomenal market to approach for your rental properties.
First and foremost you need to know your tenant very well before handing over repairs to them. Some may save you money, but others may end up costing you more in the long run. Maybe your tenant is a trustworthy, hardworking, divorced father that pays his rent on time and is handy and/or employed in a maintenance position. This would be a no brainer, and could be a good thing for both of you.
However, another type of tenant may end up costing you more money, if they don’t know how to fix things they say they can fix. They may not care about doing a good job, or they may say they will make the repairs but never do it.