How to Be a Great Landlord
Being a landlord can be an extremely profitable career choice, and it’s certainly a job that provides you with flexibility, too. Learning how to be a great landlord that you can be will have a great impact on your profit margins and your experience as a whole, and fortunately it couldn’t be easier to improve your skills today.
This guide contains some of the most effective steps that you can follow to become an awesome landlord, so what are you waiting for? Read on to discover more!
Always Perform A Pre-Tenant Property Refresh
One of the best steps that you can follow if you want to become a great landlord is to perform a pre-tenant refresh of your property each time you take on a new resident.
Refreshing a property before you lease it out to a new tenant will help them to have the best experience, and it will ensure they are satisfied from the outset with their home. There’s nothing worse than arriving at a new property only to find marks on the walls, missing light bulbs and other easy to fix issues that should have been sorted already.
Take the time to paint the walls (and ceilings if necessary), clean or replace the carpets, change any broken light bulbs and make sure that the property is fully functional in every way.
Give Your Tenants Sufficient Notice
No matter what your reason for needing to visit one of your properties, you always need to give your tenants sufficient notice of your (or any other persons) arrival.
Having your landlord or a random tradesman turn up at your home unannounced is never a good thing, and it’s no doubt an intrusion on a tenants privacy. In many places you are generally advised to give a tenant at least 24 hours of notice before you attend their property, however 2-3 days is always best to give them time to prepare for your arrival.
Although it’s your property, it’s still your tenants home – respect their boundaries and make it known several days beforehand when you or a tradesman has to visit.
Get Expert Advice
There are many different problems that you can encounter as a landlord, and it’s not the simplest of tasks to reach the best solution. Getting expert advice can help.
Countless professionals are on hand to be of assistance when you’re a landlord, such as realtors offering knowledge on property management rates, and background checkers ready to search financial histories at a moment’s notice. Getting expert advice will no doubt aid you in becoming an awesome landlord, and you’ll be able to minimize your chances of encountering legal issues too.
Final Thoughts
Figuring out how to be a great landlord has never been such a simple task when you can take the time to utilize some of these excellent ideas. If someone’s mind reads find your next apartment, you can be the one to provide it. Always perform a pre-tenant refresh, give your tenants sufficient notice when you need to visit one of your properties, and get expert advice whenever you need it!
