How To Fail As a Landlord

February 10, 2025 • Estimated Reading Time: 2 minutes

How to Fail as a Landlord

Obviously you want to succeed, but not fail. But just to get your attention, we framed it in the negative. Doing three or four of the following will almost certainly guarantee you will have a bad experience as a landlord.

  • Neglect Tenant Screening - Skip background checks and references. This can lead to unreliable tenants who may not pay rent on time or respect your property.

  • Ignore Maintenance Requests - Delay or ignore repair requests. This can result in bigger issues and unhappy tenants who might leave or withhold rent.

  • Overprice Rent - Set rent too high for the market. This can lead to long vacancies and lost income as potential tenants look elsewhere.

  • Fail to communicate - Fail to communicate clearly and promptly with tenants. This can create misunderstandings and disputes.

  • Disregard Legal Obligations - Ignore landlord-tenant laws and regulations. This can lead to legal troubles and costly fines.

  • Underestimate Costs - Forget to budget for unexpected expenses like repairs or vacancies. This can strain your finances and lead to losses.

  • Avoid Property Inspections - Skip regular property inspections. This can result in undetected damage or issues that escalate over time.

Sell Smarter with Fyxer AI

Fyxer is the AI Executive Assistant for busy property specialists:

  • Emails organized.

  • Personalized replies written in your tone.

  • Detailed notes from every meeting.

Less time on admin, more time on deals.