Find and screen good tenants
List your property, respond quickly to enquiries and verify each prospective tenant's identity and background before handing over keys.
Always use a written agreement
A rental agreement sets rent, deposit, duration and notice period in writing. It protects both parties and prevents disputes later.
Set deposit and rent clearly
Decide the security deposit (often one to three months' rent) and a fixed rent due date. Put both in the agreement.
Collect rent and bill electricity properly
Collect rent online via UPI for a clean record, and bill electricity per meter reading so charges are transparent.
- Use UPI for traceable payments
- Send reminders before the due date
- Bill electricity per unit, not a flat guess
Avoid common beginner mistakes
The big ones: no written agreement, no tenant verification, accepting rent in cash with no receipt, and not tracking the security deposit.