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Accepting referrals from friends or family can spell disaster for a landlord. Why? Because, often the landlord is not as diligent when they screen the referral. “A rental prospect who is a friend of a friend?! PERFECT! until the friend/tenant loses their job and your friend is not returning your phone calls and neither is your tenant.” “Renting to friends, family and friends of family rarely works successfully. Finding good residents should be done the old fashioned way – one or two applications at a time!” This week’s tip is from property manager Wallace Gibson, CPM. Do you have a tip to share? Email it to our editor at kim@joinaaoa.org Miss last week’s tip? See Landlord Quick Tips. See our feature, Is Your Rental Application Falling Short? American Apartment Owners Association offers discounts for landlords on products and services related to your rental investment, including real estate forms, tenant debt collection, tenant background checks, insurance and financing. Find out more at www.joinaaoa.org.To subscribe to our blog, click here.   Posted on Monday, April 27th, 2009 at 8:00 am and is filed under AAOA Forum. You can follow any responses to this entry through the RSS 2.0 feed.
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Quick Tip #2: Friends Don’t Let Friends Rent Their Units
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Very good reminder – I really always get something from your e-mails
[...] water bills–and a cat? Check out this video, just for fun. See last week’s Landlord Quick Tip. Let us know what you think by commenting below. For questions about our blog, contact our [...]