TIP OF THE WEEK
for the week of July 28, 2008
STAY ABREAST OF THE POLITICAL WINDS
Be aware that the city, the state department of Health, etc., all can begin to target communities where your rental properties are, and this can be true for even well-maintained properties in good condition. And especially for aging properties, areas where you have rentals may soon become a target if it they have not already in the current political/socio-climate of the day. I think it would pay all landlords to stay abreast of coming changes, political winds (lead, mold, etc.) and not grow complacement that your cities and communites will not be affected. You can do all you can to well maintain your properties in a professional manner but still get caught if you aren't aware of how the future is going for your investment property. Be it mold, lead, asbestos, or even off-gassing of chemicals from NEW construction. Stay abreast! The above tip is shared by Kym(OH), one of the regular contributors to the popular MrLandlord.com Q&A Forum. Click the following link to learn numerous management tips by reviewing the most requested landlording books available on MrLandlord.com
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