Useful Tips

USEFUL TIPS FOR BEGINNING LESSORS

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Learn the easiest way to become a great landlord. The main secret is to please the residents and be friendly! It really is that simple - friendliness, justice, and generosity. If you take one step forward, your tenants will do three.

  1. 1 Make an effort. If you want tenants to make an effort, set an example for them.
  2. 2 Set a fair rent, do not peel the tenants like sticky. You can ask for a sum above the market if your property is also above average. Otherwise, an overestimated sum will cause a feeling of resentment.
  3. 3 Encourage timely payment (for example: movie tickets, DVD rental vouchers, chocolate, something nice that your tenant will like).
  4. 4 Find out who your tenants are doing and something else about them. You must be able to chat with them about their lives. (Example: “How are Johnny and Sarah?”, “Do you still play bowling?”).
  5. 5 Keep in touch with residents. If you missed their call and they left a voice message, call back as soon as possible. Nothing is more annoying than a manager who is never there and who cannot be reached.
  6. 6 Discuss mutually beneficial conditions. For example, if you need to replace door handles, offer to pay for them if the tenant installs them. Or, if it’s too hot in your room or house, suggest installing a ceiling fan for an extra $ 7 per week. You must make sure that both parties benefit, not just you.
  7. 7 If you are not going to deal with property directly, it makes sense to hire a good manager. Not a mediocre one, but a good manager, because he will lead your profit, livelihoods, “brainchild”, you need someone “really” standing.

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