Disclaimer please note the below information was gathered from my personal notes and should not be taken as legal insight or advice given.
1. Intake Error = Incomplete* or missing information from a rental application. Not confirming the validity of the information an applicant submits
I love this quote: "Taking Something Bad Never Gets Good"
2.A written rental agreement is a must. There are Pro's and Con's to either a 12 month lease of Tenant at Will. The bottom line is put it into writing.
3.Document the Condition of Premise before move in.
many city and towns have ordinances requiring a board of health inspection. "Board of Health is a Landlord best resource" an objective government agent has certified your property meets state standards.
4. Collect rental payments promptly. If tenant fails to pay prompty you should serve notice to quit quickly. If you don't know how to to serve a notice to quit then either learn or hire a professional. You don't want your day in court to be delayed because of procdural errors on paperwork. Discussed differances bewteen constable and sheriff. Methods of delivering paperwork. And this obsure 1800's law about "reciept in hand" is a must. (see handout given that night to add in rental agreement)
5.Keep good records. This is a businesss whether you have 1 or 100 hundred rental units. MUST HAVE A RENTAL LEDGER
6.If you have to Evict . The goal of an eviction is "not to collect rent but rather to gain possesion back of your property"
Discuss the differences between District court and Housing Court. Role of court appointed mediators.
7. Think and treat as a business. Need to make a budget that includes legal and accounting expenses in particular
8. Always treat tenants with RESPECT. You get what you give.
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