How to Avoid Legal Mistakes

THE DILEMMA:

 

Inexperienced landlords want to fill their vacancies quickly and tend to place tenants in their rental properties without considering potential legal pitfalls. Making these common mistakes can lead to expensive legal ramifications and headache:

 

  • Failing to comply with the Americans with Disabilities Act through discrimination, limiting access and restricting or charging for service animals.
  • Violating Texas Fair Housing Laws
  • Refusing to comply with habitability laws by not attending to safety, mold, or structural issues of the home
  • Hiring a rental property management company or maintenance company that is either improperly licensed or not licensed at all
  • Failure to follow local regulations in regards to smoke alarms or carbon monoxide maintenance
  • Failure to maintain a 24-hour contact system or document every step of the rental process
  • Conducting property management activities that should be conducted by a licensed real estate agent
  • Improper handling of security deposits and funds that violate the trust accounting laws
  • Neglecting to keep proper records which serve as the primary source of information in litigation. These records must be kept long after tenants have moved out.
  • Failing to keep personal tenant information confidential and secure

 

THE SPECIALIZED SOLUTION:

 

The compliance team at Specialized Property Management helps reduce the risk faced by rental property owners. With our proven systems and regulatory expertise, we protect you with:

 

  • Legal counsel and risk mitigation policies from our in-house legal team
  • Compliance to trust accounting laws when handling security deposits and other funds
  • Eviction and writ of possession services
  • High ethical standards

 

Property Management Companies Stay on Top of Local, State, and Federal Regulations, so You Don’t Have to:

 

One of the most complicated parts of being a residential rental property owner is staying current on a variety of continually changing regulations which apply to both the tenant and the landlord. These regulations include:

 

  • State property code laws
  • Local city ordinances
  • Fair Housing Act & ADA
  • Department of Real Estate
  • Tenant screening regulations
  • Real estate contract law on residential leases
  • Trust and escrow laws on security deposits and monthly rental payments
  • Tenant and landlord maintenance laws
  • Collection and eviction laws
  • Property inspection regulations

 

With all of these applicable laws carrying potential legal risk and financial responsibility, it is imperative that property managers constantly remain abreast of changing laws to help avoid costly mistakes.

Put our team, experience and ethics to work for you! Call (817) 732-1394