Updated over 3 years ago on . Most recent reply
Standard operating procedures
Hello!
My wife has requested that we have standard operating procedures. I am currently writing them out. I have tenant move in/move out, maintenance, tenant screening, rent collection, turning over a rental, tax time.
What are the ones that I missed?
Most Popular Reply
A few more to consider:
1. Marketing SOP - Where/when will you list the property for rent? Have a standard write-up/description of the property you can dust off each time.
2. Periodic Inspection SOP - How often will you do periodic walk-throughs of the property with the tenant (quarterly? semi-annual?). What checklist will you use for that periodic inspection?
3. Late Payment / Eviction SOP - How will you handle late payment (or non-payment), and how will you handle eviction? Make sure your SOP is in line with applicable laws for your state/city.