Being a landlord can be difficult. There are many things to worry about, and you want to make sure that your tenants are happy, and your units are full. So, there are a few things that you can do to help things go a lot more smoothly. Below are four tips that you can use to make things a lot easier for you to find tenants who are going to be good tenants for years.
Be Clear About Rent Prices
One of the best things that you can do as a landlord is be up front about the rental rate. When you are transparent about the rental rates, tenants are going to understand the property’s value. They can see the amount of money is going to HOA, taxes and many other things. Make the lease agreement simple for your tenants to understand and transparent.
Be Pet Friendly
Places that are pet friendly are very hard to find, and when you allow pets on your property you are going to stand out from the others. When you accept cats and dogs, you are going to have a much easier time finding tenants. Even though every landlord has heard the horror stories about a pet or a pet owner, these types of stories are the exception rather than the rule. It’s a good idea to charge at least a pet deposit or maybe charge a bit more for people who bring pets. Don’t worry = since a lot of places don’t accept pets chances are that they won’t mind paying it.
Prioritize Your Renovations Based on Safety & Health
When you are doing renovations, you should concentrate first on the ones that relate to safety and health. These are things like installing carbon monoxide and smoke detectors, doing repairs on loose handrails for your stairways, remediating issues with mold or radon, repairing the electrical problems that could start a fire and fixing pavement and sidewalk cracks which could trip your tenants.
Thoroughly Screen Tenants
If you want to increase your occupancy and improve your tenant retention, you want to make sure you’re screening your tenants thoroughly. Having a high rate of occupancy will begin with having good tenants. That’s why you want to review the credit reports, check their eviction histories, do background checks and request referrals before you accept new tenants.
Wow, that’s a lot of things to think about isn’t it? well, if you feel overwhelmed with this list, then we are here for you. We are a professional property management company and we can help you with many aspects of being a landlord, from collecting rent to screening prospective tenants to making repairs and a lot more.
Are you interested in knowing more? Simply send us a message through our webpage or give us a call. We’ll be glad to talk with you and let you know what our services are. We are always happy to answer your questions and work with you based on your needs.