If you’ve recently purchased a rental property, congratulations! You’re past wondering “Who will rent my home in South Philly?” and are excited and anxious to find the right tenants to fill your property. However, many first-time landlords underestimate just how complicated managing a rental property can be, which can lead them to unknowingly doing something illegal.
If you are acting as a new landlord, make sure you are not making any of these costly mistakes that are against the law.
- Asking discriminatory application questions. Everyone wants to find the best and most responsible tenants to fill their units, but your search for the right tenants cannot include any questions that would help you to avoid renting to a person under a protected class. Under the Fair Housing Act, you may not ask any questions on a rental application that suggest that you want to discriminate against anyone due to their race, religion, national origin, gender, sexual orientation, disability and familial status.
- Ignoring right to privacy laws. Many new landlords believe that, because they own the rental property, they have the right to enter whenever they want or to “drop by” to check up on the property. However, right to privacy laws have established that landlords must give tenants at least a 24-hour written or verbal notice before entering a property. The only exception to this law is in the event of an immediate emergency, in which case no warning is needed.
- Keeping security deposits. Most landlords require that tenants put down a security deposit when they move into the property that is equal to one month’s rent. Security deposits are an excellent way for landlords to protect themselves against careless tenants who damage their property. However, some landlords do not understand that they must return the money to the tenant after vacating if no damage is found. Even if there is damage to the property, the landlord must provide an itemized list of deductions to the tenant, so they understand where their money is going.
Making an illegal housing mistake, even if by accident, can land you in serious hot water. Let the experts of DJCRE manage your property so you can avoid trouble with the law or expensive lawsuits!
If you are wondering “Who will rent my home near Graduate Hospital?” or have questions about property management, you can give our team a call today at 215-720-1097 to learn more.