Being a landlord is more than simply picking up the rent check. Rather, you should strive to create a friendly relationship with your tenants. Better tenant-landlord relations will not only make your job easier, but can also lead to better tenant retention, on-time payment of rent and better treatment of the unit. When you are attempting to build a happy tenant-landlord relationship, consider these tips:
Be a Business
While you want to be friendly to your tenants, it is important to keep your emotions out of it. Your rental property is a business. Be familiar with your local laws and have all appropriate licenses. You must also be sure to obey boundaries. Do not show up to the rental unit unannounced. Once the lease is signed, the unit is the renter’s home, not yours.
Nothing will go further with your tenants than prompt response to a problem. Have a list of trusted service providers at the ready should a problem arise. Acting quickly will show your tenants that you care and want to provide them with a safe and comfortable home.
Your rental property is your investment. It is important to ensure it is clean and in good repair. Renters will not be interested in paying a lot for a property that is run down or dirty.
If you have tenants who you are happy with, reward them! Consider sending the tenant a gift, such as a gift card for coffee or to a restaurant. A small gesture like this can go a long way.
Before signing a lease with a tenant, be sure to take the time to screen them. Along with an application, proof of income and landlord references, you will want to know the truth about their credit. CheckPoint Screening is happy to help you with this situation by providing in-depth background screening services for potential renters. Our range of screening services includes credit history, criminal history and even an eviction search. Protect yourself and your investment by having the right information for making the right decision.
Your rental property can be a sound investment. However, it is important that you approach it the right way. You must ensure that you maintain proper tenant screening, proper maintenance and proper management during the tenant’s occupancy. By fulfilling all of these areas, you can help create a happy, healthy relationship with your tenants. This will certainly help you maintain your rental investment long term.