It has been long held that ignorance of the law is no excuse, and in landlord/ tenant law, ignorance can be your worst enemy. While no agreement or form is required to rent out a property, the property manager or property owner leaves themselves very vulnerable to any number of allegations without recourse. All professional management companies use tenant forms for all their rentals, and even free landlord tenant forms will serve this purpose well.
A huge pitfall that small or independent landlords run into is while they try to have their paper work in order while saving money with free landlord tenant forms is they don’t comply with state law. While it is true that rental law tends to run similar among the states, each one has its differences. MyPropertyManager has forms that will stand up in court no matter which state a dispute may arise, and are available for free download after setting up an account with them. Of course, it costs nothing to set up the account, either.
Another benefit to getting the free landlord tenant forms from My Property Management is they can be altered and customized to better fit the specific rental situation. For instance, does the house have a pool, and the responsibility of maintaining it is to fall to the tenant? That stipulation can be easily added to the rental form so no argument can arise later.
The advantages of having a ready source of free landlord tenant forms don’t stop with avoiding costly litigation and civil headaches. Being an independent or small property manager means that every means of getting maximum cash flow needs to be taken advantage of. Not having to pay costly attorney fees whenever a property is rented out is worth its weight in gold.
Finally, there is more to MyPropertyManager than just free landlord tenant forms. A full selection of residential forms is available for any need the landlord may have, from free landlord tenant forms, to insurance, credit check, screening forms, management software, real estate investment software, as well as applications for commercial properties and associations. Many of the forms and software applications are available without charge simply by signing up for a free account. Others do involve an investment, but for the small, independent landlord, almost all needs can be met with the free product offerings.
In closing, the free landlord tenant forms along with all the other forms and software at MyPropertyManager deserves serious consideration from the up and coming landlord with one to a few properties, all the way up to the professional property management office with hundreds of units.