As a landlord you will be responsible for the following expenses;

• The initial reserve fund setup of $300 (negotiable), this reserve is used for maintenance issues as they arise.
• Maintenance, utilities, cleaning, and repair costs that might occur while the property is vacant.
• A monthly management fee of 10% (negotiable)
• Other landlord responsibilities include;
  • Maintaining the inside and outside of the property for the duration of the tenants lease which means replacing refrigerators or ovens, if needed, and fixing leaky roofs, broken pipes etc.
  • You as the landlord are responsible for all repairs and maintenance due to general wear and tear, old age, etc.
  • We also recommend that you put aside each month a percentage of the monthly rent to cover future maintenance and repairs (painting, leaky roof, carpet, flooring, etc) or any unforeseen problems that may occur.
  • The tenant is of course responsible for damages caused by the tenant.
  • Giving the tenant the appropriate notice before terminating the rental agreement.
  • Giving the tenant the appropriate written notice before performing inspections of the property.
  • Removing or arranging for all items to be removed that may become damaged by the tenants, prior to renting the property.
  • We strongly recommend that you remove all valuable items prior to renting.
  • We would find it helpful if you would provide us with a list of the locations of all utility shutoffs

Copyright © 2003 CENTURY 21 Butler Realty, Inc. All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Neither CENTURY 21 Butler Realty, Inc. nor its service providers are liable for any errors or inaccuracies in the information provided through this website. © 2008 Century 21 Real Estate LLC. CENTURY 21© is a registered trademark licensed to Century 21 Real Estate LLC. Equal Housing Opportunity. Each Office is Independently Owned and Operated.. "Average A Home A Minute" represents an average based upon all homes bought or sold through CENTURY 21© Franchises during 1996. Equal housing opportunity.