New Property Owner? Five Tips for Accidental Landlords

If a rental property has fallen into your lap, this can be a great resource for supplemental income, but this won’t come without some work on your end.

  • Friday, October 28, 2016

  General   Tips   

If a rental property has fallen into your lap, this can be a great resource for supplemental income, but this won’t come without some work on your end. Here are 5 tips for accidental landlords who may have new rental properties but haven’t been in the role of ‘landlord’ before.

1. Vetting Your Tenants

If you are renting out a property for the first time, it is important to vet your potential tenants and not go off of interviews alone. Credit and reference checks are both recommended.

2. Don’t Let Repairs Fall Behind

In order to keep your property and tenants safe, make sure to stay on top of building inspections and emergency repairs needed. This will keep your property in good condition and you out legal trouble if a tenant hurts themselves on your property due to unchecked damages.

3. Keeping a Paper Trail

When holding initial and final walk-throughs, make sure you have a checklist and take photos of any damages that are apparent. File this away with lease agreements so that you have a paper trail if tenants contest not receiving their full final deposit on move out because of damages.

4. Keeping Up on Rent Collection

Making sure your tenants understand when and how to get rent checks to you is important. Be sure to be consistent and follow up with any renters that are past due in order to maintain on-time rent coming in.

5. Communication is Key

While you may have fallen into being a landlord, this isn’t something that should be handled passively. Be sure to be available to your tenants in case of emergency or if any issues arise. If you are available, this will ensure that any day-to-day annoyances don’t turn into major issues down the line.

One way to protect yourself as a landlord as well as your tenants is to utilize property management software to take away some of the guesswork for you. Record keeping and background checks can be run through software and can be a great resource for accident landlords.


VerticalRent® is not a law firm, and the employees of VerticalRent® are not acting as your attorney. Our educational blog or landlord forms engine is not a substitute for the sound advice of a local attorney, whom is familiar with your local laws and regulations. VerticalRent® cannot provide you with legal advice, nor are we permitted to engage in the practice of law.

We are prohibited from providing you with any sort of advice, opinion, explanation, or recommendation about your possible legal rights – which may include remedies, options, defenses, or the selection of landlord forms available on the VerticalRent platform. Our platform is designed to provide landlords and property managers with powerful online tools to screen applicants, collect rent online, advertise vacancies, and generate free landlord forms. To that extent, our blog often publishes general information on issues commonly encountered by landlords – such as evicting tenants.

Although VerticalRent takes every reasonable effort possible to ensure the accuracy of its consumer reports and landlord forms, we do not guarantee or warrant the information to be correct, complete, or up-to-date. The law changes rapidly across the United States, from jurisdiction to jurisdiction. We will not be held responsible for any loss, injury, claim, damage, or liability related to the use of our blog, landlord forms or consumer reports generated from this platform.

comments powered by Disqus
Get Started For Free!     Have some questions? Check out our FAQs.
FREE TENANT CHECK     Evaluate Credit, Criminal, & Eviction »