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What are my Legal Responsibilities as a Landlord?
Manage episode 451454706 series 3612499
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Podcast Episode Title:
"What are my Legal Responsibilities as a Landlord?"
Summary:
Not understanding your legal obligations as a landlord can have serious financial and reputational consequences. In this episode, we explore the essential legal requirements for landlords, from providing habitable housing to navigating rent regulations and tenant rights. Tune in to learn how to stay compliant, protect your investment, and avoid costly legal mistakes.
Timestamps:
[00:00:00] Introduction: Why knowing your legal obligations as a landlord is crucial.
[00:03:00] Key Case Study: A heartbreaking story of illegal rent increases and their devastating impact.
[00:15:30] Basic Obligations: Ensuring habitable living conditions, understanding building codes, and tenant laws.
[00:25:45] Financial Compliance: Handling security deposits and avoiding illegal practices.
[00:45:00] Key Takeaways: Proactive maintenance pays off with better tenant relationships, fewer emergencies, and long-term savings.
About Garret Wong
Garret Wong is the founder of the Landlord Pal podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio.
Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system.
Connect with Garret:
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Get Involved:
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Contact:
For feedback or questions, reach us at https://garretwong.com/contact/
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