Being a landlord has never been your typical nine to five job. There’s a lot more to it, but if you can be sure to approach the job with the following qualities as paramount, you can have an enjoyable and unique experience as a landlord.
Setting specific hours for yourself as a landlord is an important boundary to establish with your tenants. Ensuring you have some hours strictly off-limits but that these hours aren’t overwhelmingly reoccurring is very important for a landlord to establish. Make sure you can be there for your tenants, but also establish that you won’t be available to respond and fix a problem you get a call for at one o’clock in the morning.
The last thing a tenant wants to see is that proper updates haven’t been made to the space they’re renting. Showing your tenants that you not only care about their experience, but you also care about the business of being a landlord and all the upkeep that comes along with it is vital to your relationship with your tenants. The most common complaint for tenants is usually that the landlord takes too long to respond to their requests, haven’t updated the space, or when something is fixed, it isn’t really fixed for good. By assuring your tenants trust your ability to upkeep the space can be a very promising element of a successful landlord-tenant relationship.
Strong Documentation Skills
Ensuring you are keeping track of anything that goes on in the apartments your tenants occupy is just as important as remaining available. No one likes a landlord who doesn’t keep track of requests, maintenance, and adjustments! Your tenants want to be sure that in the case of an issue, you have the paperwork to show. Maintaining an organized collection of bills, applications, receipts, and so on will protect you as a landlord and also instill safety in your tenants.
As a landlord, it is imperative to sense the need for adjustments before anything goes astray. This doesn’t mean you should know how to predict the future so much as it means to be skilled in understanding when you need to step in or if your tenants have any level of dissatisfaction. Being one step ahead of your tenants will allow you to avoid any issues of miscommunication or misunderstanding. It is also possible to acquire less than pleasant tenants, and understanding how to manage a situation like this can sometimes make or break a landlord.
With these tools as guidance, your presence as a landlord can truly be substantially optimized. We hope you find these tools useful and can apply them in an effective and pleasant manner. With this, you’ll surely be on your way to becoming a landlord your tenants can trust and rely on.