If you decide to opt down the property route as a source of income you will need to be organized, attentive, willing to take calls and provide assistance to your tenants if you truly want to be a good landlord. Below are some examples of what you can do to facilitate the idea that you are an efficient landlord.
Provide a Warm Welcome
If your tenants are new to the area it will help them settle in if you put together a folder of information which demonstrates where all the local amenities are so that they are aware of the nearest shops, gas station, and transportation links. You could also provide some toiletries, cleaning products and basic groceries for moving in day in case they do not have these basic items when they first move in. This will also create a good impression on your behalf that you are attentive and would like the property to remain clean.
Keep The Property In Good Condition
Ensuring that all the kitchen and bathroom facilities are all up to date and working well as well as repainting the walls will keep the property in good condition. This will help to attract more prospective tenants who will be willing to move in and pay rent, which will certainly encourage business.
Be Organized With Paperwork
It is good practise to make a copy of the contracts that you and your tenant have signed, both digitally and on paper should you need to refer back to this at any point, after they have moved into the property. You are also likely to have more than one property to manage so you will want to ensure that you keep your paperwork all organized
You will need to be attentive and be able to answer calls or queries should your tenants need emergency assistance such as a burst pipe or the boiler breaking down. This will help to maintain a good working relationship with your tenants if you are able to resolve any structural issues with the property and they will be more likely to pay their share of the rent and look after your home well.
Create a Business Relationship With Your Tenants
Though it is important to be a welcoming and helpful landlord, you also want to maintain a professional working relationship with your tenants and not become too friendly with them. This might lead to problems with them paying their rent on time if they do not regard the contract they signed as a business transaction. You can also use the services of a property management company when you need assistance to ensure your tenants do pay accordingly each month due to your busy schedule.
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