Be

sure to thoroughly inspect the property prior to

the tenant's arrival. Of course, you're

responsible for making sure the faucet doesn't

leak, the refrigerator is running, and that the

air conditioning or heating is working.

But

you also need to document the condition of the

apartment and furnishings, in case of any damage

the apartment and all property covered by the

rental agreement. Then do a walk-through with the

tenant and inspect the property together.

Make

sure that the lease contains a damage provision,

for other than ordinary wear and tear, and a

damage deposit.

Well

ahead of entering into a lease, review your

homeowners insurance. Some things to consider

adding to your coverage:

If your rental

property is furnished and still has some of your

stuff, add personal property coverage.

Liability coverage

will insure you against claims for loss or injury

Loss of income

provision will cover you for lost rent, in case

your property has to stand vacant.

Heighten

your safety awareness and follow precautions.

Check the smoke detectors every six months and

maintain a record of each time you replace the

batteries.

For

information on any aspect of buying, owning or

selling a home, go to https://www.ahahome.com , the web site for American

Homeowners Association. Please credit American

Homeowners Association as source when using this

material. If you do NOT wish to receive the

"AHA Home Tips" click reply and type

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