Real Estate Rookie Listen to This BEFORE Buying a Rental with Tenants (Rookie Reply)
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Jul 4, 2025 This discussion dives into the complexities of managing appliances in rental properties, highlighting potential challenges with tenant-owned items. It emphasizes the importance of clear communication in lease agreements and strategies for assessing tenant quality in occupied properties. Listeners will gain insights into navigating local laws, especially in Los Angeles, and the significance of building a reliable team of professionals for successful property management. Strategies for effective tenant screening and understanding lease non-renewals are also addressed.
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Tenant Appliance Swap Advice
- Let tenants bring their own appliances to reduce maintenance and repair costs.
- Clearly state in the lease that tenants are responsible for their appliance repairs and any related food loss.
Lease Clauses for Tenant Appliances
- Specify in the lease that tenants supplying their own appliances are responsible for maintenance.
- Include liability clauses for damages caused by tenant appliances to protect yourself.
Stove Maintenance Anecdote
- A tenant’s stove was smoking due to grease build-up, requiring multiple maintenance visits.
- Landlord contemplates replacing the stove to avoid ongoing headaches despite great tenant behavior.