5 Easy Landlord Tips To Remember When Renting
Being a landlord can come with a lot of responsibility. Check out these five easy landlord tips to help you become successful at renting your property.
But if you're a landlord, you know it can sometimes be tough to keep tenants happy. We know managing a property in Charlotte, especially as the market continues to expand, can get stressful.
In this post, we're going to tell you the top 5 easy landlord tips to make sure you don't end up on a list of the worst landlords out there - and to keep tenants singing your praises and signing their leases!
1. Roll Out The Welcome Wagon
This is the South: hospitality matters. Getting things started off on the right foot is an easy landlord tip that will make a wonderful first impression on your renters.
When a tenant signs their lease, offer to show them around the neighborhood. Introduce them to other tenants (or even host a welcome party in the lobby!) and tell them the best restaurants, grocery stores, and bars nearby.
You may even want to create a typed "cheat sheet" to help. You could also create a welcome basket including a magnet with your contact information, brochures from the Nascar Museum or the Bechtler, and a coupon off for a shop in Plaza Midwood! (It's always a good idea to build relationships with local businesses.)
2. Use Technology
It's no secret that technology is changing the landlord game. But using it is an easy tip that will make everyone's lives less stressful.
You can use it to get through your invoices and clear checks faster, so tenants aren't left wondering if you've cashed their rent checks yet.
You can also use it to run background checks on your tenants, to ensure you're creating the kind of community everyone wants, and that keeps everyone safe!
3. Thoroughly Explain The Lease
This trick ensures that your tenants can't "play dumb" if there's a problem with their rent or overall lease.
And don't just sit down with them when they first sign a lease - do so every time they need to renew it.
4. Handle Disputes Promptly
Look - not all of your tenants are going to get along. Sometimes, you have to play the mediator.
Don't let this uncomfortable situation go on for longer than it needs to. Either get the story from both sides separately, or suggest coming together to find a solution. Aim to respond to all issues within 12 hours.
5. Always Give Notice Before You Enter A Property
This may seem like an easy landlord tip, but you'd be surprised just how comfortable some landlords feel with barging in on tenants just because they own the property.
It's a surefire way to turn tenants off, and it can cause them to feel uneasy around you. Always shoot your tenants a quick text or email as far ahead in advance as possible, and try to give a few timeslot options.
Ask their permission, even if you don't feel like you need to. It's just polite - and in some cases, the law.
You've Got The 5 Best Easy Landlord Tips - Now Put Them To Work!
Thanks to these 5 easy landlord tips, you can avoid serious tension and problems between you and your renters.
You'll even create a living community that people want to be a part of, meaning your future properties will always be a success.
You know things never stay stagnant in the Charlotte real estate world! The same goes for its property management market.
To make sure you're always keeping up with the latest trends, ideas, and market values, spend some time on our website and blog. Feel free to reach out to us with any questions.