Landlord Guidance is a website to help individual landlords achieve success. Being a successful landlord takes knowledge, skill and confidence. It starts with acquiring the right property (your money is made or lost when you buy the property, you know) and then managing it the best manner possible.
After the right property, getting the right tenant is the next key to success, and then managing that tenant is key after that. There are certain principles in managing a tenant, to be successful. At the lease signing you must always make clear to the tenant that rent is due on a certain day, or else eviction proceedings begin.Let’s be realistic: the reason your tenants will pay you the rent on time is because of the threat of eviction. Just like people in general take action to either gain pleasure or avoid negative consequences, tenants pay rent to get to keep living in your property.
As a landlord you will eventually need to evict a tenant. If it is your first time, you will be emotional and frustrated. But once you calm down, please realize that the situation is in your favour. You have laws to protect you.
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