Do you need a license to be a landlord? Were you aware you could get in trouble for being a landlord without a license?

Well, it's true. If you own rental properties, you need to make sure you're getting all the right certifications before collecting rent, moving tenants in, and interacting with those tenants as a normal landlord would.

If you're unsure whether or not you need a license to be a landlord, worry no more! We've written up a quick guide of everything you'll need to know about leasing to tenants.

Without further adieu, our top things you need to consider to make sure you're licensed as a landlord.

Reasons Why You Need One

Getting one is not just about following the law but also offers several advantages that might come as a surprise. Here are some reasons why every landlord needs licensure.

Legitimate Business

First, a license verifies that the landlord is a legitimate business owner who meets the necessary regulations. This can provide adequate protection and opportunities to their tenants.

A landlord license also means that they've undergone necessary background checks as well as financial and credit checks to ensure they can manage their business.

Liability Protection

Second, a license institutes liability protection for the landlord. This provides them with legal security should any disputes occur with their tenants.

Exposure of the Landlord

Finally, a license provides exposure for the landlord itself. It allows them to list their rental units in many locations and advertise their property. Having a license can increase the visibility of their property and also attract potential tenants.

The Necessary Steps to Get One

To get a landlord's licensure, the first step is to find out whether the local jurisdiction requires a license. You can find this information by visiting your local municipality's website or engaging the city for clarification.

Once you have identified the requirements, you must complete the necessary paperwork. Then, pay the applicable fees to get your landlord's license.

Next, you must follow all applicable rules and regulations. This includes conducting background checks, adhering to eviction procedures, and updating tenant and property information.

Finally, you must attend any required training sessions, such as fair housing and landlord/tenant law. Once done, you can now start your business and become a landlord. And if you need extra help, you can always find more information here about property management. 

Do You Need a License to be a Landlord? - A Guide

In summary, the answer to "Do you need a license to be a landlord?" is yes. It is a must to be registered with the local licensing schemes and handle any legal proceedings. It's always best to research the relevant licensing requirements in your local area and seek professional advice where necessary.

Contact a property management expert today to further understand the process of being a landlord.

If you liked this guide, make sure you check out our other blogs for more relevant information.