Your success as a Mexico Land lord will require that you are a good Landlord and reduce potential costly mistakes that many first time Land lords can make I have written several posts regarding Mexico real estate rental property, and how to best administer such properties, click here to see my previous articles on Rental Properties.
Based on my experiences, I've compiled a list of mistakes often made by land lords.
- Errors on the lease agreement that cause uncertainty in expectations
- Not enforcing rent collections as defined in the lease agreement. If you allow your Tenant to pay at random, your setting a precedence to continue to allow this type of behavior
- Not knowing the specific laws relating to Tenant-Landlord relationships
- Poor response to Maintenance and Service requests
- Not practicing good customer service
- Not conducting a written, detailed move in inspection with their Tenant
- Not maintaining a professional relationship with their Tenant
In most cases, Landlord and Tenant will have some communication, especially if there is not a Property Managerinvolved. However, it's easy to defy the balance of a Tenant-Landlord relationship if mistakes are not kept to a minimum.
Kami Kemp is both a Texas Realtor and Real Estate Broker in Arizona with Prime Properties. She is a member of the Texas Association of Realtors, the National Association of Realtors and National Association of Residential Property Managers. She began her career in Property Management and Leasing in 1990, has served on various education committees through local associations and has taught many Fair Housing compliance and marketing classes throughout her career. www.TOPmexicorealestate.com 512-879-6546
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