Not Having a Lease Agreement

This is a legally enforceable contract that details the length of the lease, rent amount, and the condition the tenant should leave the property as stated in the condition report.

RealRenta is an online property management solution that has all the documents you need including lease agreements.

Not Filling in a Condition Report

This document describes the standards in which the condition of the property should be left at the end of tenancy compared to the condition of the property at the beginning of tenancy. For instance if the carpet has stains or if repairs are needed to bring the property up to the condition was reported at the beginning of the tenancy.

Not Understanding Tenancy Laws

If a property owner does not comply with these laws, like entering the occupied property without giving the tenant proper notice, this can lead to unwanted fines and unhappy tenants.

This is where online property management software like RealRenta, makes sure you are following the right procedures.

Not Doing Proper Tenant Checks 

As a property owner, when conducting a background check, make sure to speak with the potential tenant’s former property owner in regards to the condition the tenant left their previous property, if rent was paid on time, and the magic question – "would you rent to them again?”

 If you are using online property management software like RealRenta, then for a fee you can get a bad tenant database cheak done, they can even do a full tenant check by calling the tenants references and the tenant’s former property owner .  

Not Asking for a Bond

This is a security deposit held in case your tenant doesn’t meet their obligations under the lease agreement.

Don't get caught out by not getting a bond. The bond is your safeguard against anything that can go wrong.
Landlord insurance don't pay out until the bond is used up (even if you don't have a bond). They will take off the bond you should have or even not pay out at all because you breached the policy by not having a bond.
It is very importent to Always get a bond 

 As a landlord you should also Understand about Rents and Vacancy Rates