3 Rental Forms That Do Double-Duty
Rental forms are an important part of everyday life for landlords. Some forms are true workhorses, doing double-duty and protecting landlords’ profits.
Use these three routinely and you can save money on your rental property management:
Rental Application
Many landlords think this tool is only for screening tenants. But it also moonlights as a rent collection tool. In the event a tenant skips out or won’t pay what’s owed, the information in the rental application will be the centerpiece for locating the tenant — and the tenant’s assets.
Move-In Checklist
The move-in checklist — along with photos or video — is important for proving the unit is habitable and safe. Â But pair it up with a repeat performance at move-out, and you have what you need to win a dispute over security deposit deductions. In tandem, the two mirror-image reports show conclusively that any damage was done while the tenant was in the unit.
Eviction Notice
Most landlords avoid eviction notices like the plague. First, everyone hopes they never have to go there. Â Once you do, it’s a little overwhelming to figure out the rules. But an actual eviction notice — rather than a generic letter — serves as a stark warning to a tenant who you would be willing to take back if they straightened out. If they do, you can cancel the notice. But if they don’t, you are already moving down that long road to recovering your rental property.
With AAOA, landlords have resources at their fingertips. Check out our new Landlord Forms Page.
American Apartment Owners Association offers discounts on products and services for landlords related to your rental housing investment, including rental forms, tenant debt collection, tenant background checks, insurance and financing. Find out more at www.joinaaoa.org.
Accessibility