Wit Ventures: In the Interest of Safety: a Landlord's Responsibilities.

Monday, 16 October 2017

In the Interest of Safety: a Landlord's Responsibilities.

A landlord has the responsibility to keep their tenants and the surrounding community happy.

Taking the proper care of the rental property plays a huge role in keeping everyone content.

Following health and safety codes, performing regular maintenance, paying bills on time, and maintaining the proper insurance are all part of a landlord’s obligations. Learn seven ways a landlord can protect their property.

1. Responsibility to Follow Safety Codes

As a landlord, it is your responsibility to follow all local, state, and federal safety codes for your property. These codes can vary greatly depending on the state your rental property is in.

You can find the responsibilities on the provincial or state level in your province or state's landlord tenant law, but your town may have additional requirements, so you should always check your local laws.

Link to the rest here.

Image Credit. Jennifer D. Ames.

Editor’s Note. Money-saving tips, maintenance tips, and other information for professional property managers are a new feature of this blog. In the weeks and months to come, we will be bringing readers a curated selection of the best such features from the internet and around the world.

Thank you for reading.

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Shirley D. Neal

Shirley has over 30 years of experience in such diverse businesses as financial planning, manufacturing, and supply. Her education includes a B.A., B.ED., M.ED., C.F.P., N.L.P. and the home inspector’s course as well as having her AZ license for five years. Her family home has given her and her husband the opportunity to do extensive renovation and repairs thereby increasing the value about $100,000 in ten years. She has been able to see firsthand how much a sensible and cost efficient renovations can add to the value of a home. Shirley has chosen joint ventures because she thinks that her experiences an help others achieve their goals and maximize the profits for both parties. In 1979, Shirley became involved in a small group of women who started a metal manufacturing company making small deep drawn metal parts for the automobile companies in Windsor. They took the company from start up to over $400,000 in sales in five years. That was a lot of parts since the parts sold for only five cents per each. In 1985 they sold the company to one of their customers. Whether it was selling mutual funds, teaching foster parents how to recruit foster parents, or working for Tony Robbins, Shirley has put more than 100 percent into every endeavour she was involved in.