Managing a rental property might seem straightforward at first—find a tenant, collect rent, and keep things in working order. But the reality is, DIY landlords often learn the hard way that property management is more complex than it looks.
Here are the top five mistakes self-managing landlords make—and how professional property management helps avoid them.
1.
Underestimating Tenant Screening
The mistake: Many DIY landlords rush to fill vacancies and end up with unreliable tenants. Skipping background checks or relying on “gut feelings” can lead to late payments, property damage, or even eviction.
How we help:
We use a tried, trusted and proven screening processes to find qualified, responsible tenants who pay on time and take care of the home.
2.
Setting the Wrong Rent Price
The mistake: Pricing a property too high can lead to long vacancies; too low, and you’re leaving money on the table.
How we help:
We analyse local market trends to set competitive rates that attracts tenants whilst maximising your ROI.
3.
Poor Lease Agreements
The mistake: Generic or incomplete lease agreements can lead to confusion, disputes, and legal vulnerabilities.
How we help:
We provide solid, legally compliant lease agreements that protect both landlords and tenants.
4.
Delayed Maintenance and Repairs
The mistake: Ignoring or delaying maintenance can lead to bigger problems, lower tenant satisfaction, and expensive emergency fixes.
How we help:
We handle routine inspections and respond to maintenance issues promptly through trusted contractors—keeping your property in top shape and your tenants happy.
5.
Lack of Knowledge About Landlord-Tenant Laws
The mistake: Not knowing your legal responsibilities as a landlord can result in costly fines, lawsuits, or failed evictions.
How we help:
We stay current on landlord-tenant laws and ensure your property complies with all local and national regulations. With so many legislative changes it is best to let a company that adapts to the changes take care of your contracts
Final Word
Managing a property on your own can seem like a way to save money—but the risks and hidden costs can quickly add up. Westbrook Property Services takes the stress off your plate, helps you avoid costly mistakes, and ensures your investment stays protected and profitable. Reach out today for a free consultation.
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