At Tier One, we are a full service real estate and property management office, and we can help you with all of your Salt Lake City real estate questions. Today, we’re sharing some tips and talking about landlord qualifications.
Property Management Salt Lake City: Landlord Licenses
Do you need a license to become a landlord? It depends on the city that you’re in. Depending on where you are, you may or may not need a license. It also depends on your circumstances, and whether you’re managing your own property or if you’re managing a home for others. The best way to access this information is by going online and checking with your local city government. Explore their rules and regulations so you can be sure you are in compliance. Some cities require no license at all, but others do, and you don’t want to act outside of the law.
Property Management Salt Lake City: Landlord Tenant Law
If you’re going to become a landlord, make sure you’re aware of the Good Landlord Program. Most cities have these, and it can be a good resource for you. It allows you to find information on compliance issues and local laws. It’s important to understand landlord and tenant law, and to respect your tenant’s rights. You don’t want to directly or indirectly violate any of those rights.
Fair housing, for example, contains a lot of detailed laws. It’s essential that you understand the federal Fair Housing Act as well as your state and local fair housing laws. This is important in being successful as a landlord.
Property Management Salt Lake City: Access Professional Help
Make sure you have access to legal assistance of some sort. You never know when you may need advice from someone who has knowledge and experience that’s above and beyond your own, especially when it comes to the landlord business.
These are some of the things you’ll want to keep in mind if you’re thinking about becoming a landlord. If you’re not sure what you need and what you don’t need, please contact us at Tier One Property Management. We can help guide you in the right direction, and we’d love to be a resource for you when it comes to your Salt Lake City real estate.