I always see lots of topics on how landlords handle their rentals. If you want to continue to have rentals, here is what I would do if it were my property. I do not recommend doing leases longer than six months. Here is what I would do.

First make it clear that you don’t put up with problems. Let the tenants know that the first 60 days are a trial period. If there is anything that you don’t like about how they are treating your property they will be evicted immediately and lose their deposit.

Also tell them that you will be over once a month for three months to check on the house to make sure they are keeping it up. This will set the stage and show them that they can’t mess around with you.

Make sure that in your contract that you have a clause that states that tenants take care of any problems under $100. Also get a home warranty on the property. That will protect you from any unexpected large problems that might accrue. The best part about getting the tenants to cover any repairs under $100 is that that is the maximum the home warranty companies will charge for their deductible. This tip will eliminate all repair costs put out by you the landlord.

The reason to limit the contract to six months is that you don’t want one tenant to have too much control over your property. You will review with them every six months why they should get to stay in your home over the next six months. Let them know that you have a waiting list even if you don’t. I would suggest one month before there contract expires to get a list of potential renters to insure someone always being in the property. That will make sure that you will retain the best possible tenants. I really believe that every tenant has the ability to be a great tenant. I also believe that every tenant has the ability to be your worst nightmare.

I don’t like having single-family homes as rentals.

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