Tip #131: Now or Never?
November is lung cancer awareness month, and that is as good an excuse as any to consider a ban on smoking in your rental properties.
The advantages of a no-smoking policy are numerous:
A growing pool of rental applicants who insist on nonsmoking rentals, and will pay higher rent for it.
Easier maintenance and clean up.
Lower fire risks and possible insurance breaks.
No lawsuits over second-hand smoke.
Implementing a policy can be easy. Just follow these links for more information:
How to Draft a Nonsmoking Lease Agreement
Renters Willing to Pay More for Nonsmoking
Free Rental Listing Sites for Nonsmoking Rentals
Nonsmoking Signs for Rental Properties
See last week’s Landlord Quick Tip.
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.