Finding a good tenant can be a challenge. From renters who are late on rent to those that don’t respect the rules, it can be a trying process. Maintaining the relationship can be even harder, especially if you ignore some of the following unwritten rules.
Your priority should be to match with a good renter because it is easier to maintain a healthy relationship with someone you are compatible with. Of course, this is easier said than done. From background and credit checks to verifying references, the procedure can be painstaking, especially if it involves multiple applicants.
Thankfully, there are websites that manage the grunt work. If you want to save yourself the frustration then click here for one such platform, where the in-depth renter vetting process only presents you with the most qualified candidates for your rental home.
#2 Shape up Your Property First
Before handing over the keys, perform all necessary upkeep. This includes ensuring that all moving parts are in working order and the plumbing is running smoothly. Not only this, but appliances that are part of the agreement, such as the fridge, microwave, and oven, should also be fully functional. If your property is furnished, then every piece should be in usable condition. We also recommend starting the relationship with a fresh start by cleaning all of the unit’s appliances and furniture.
#3 Be Aware of Your Responsibilities
Your duties don’t end after handing over the keys and accepting the rent cheques. As the owner of a rental property, you are charged with performing maintenance. Doing so regularly will elevate the relationship between you and your renter. What’s more, taking pride in your property will only inspire your tenant to perform rudimentary upkeep. By contrast, ignoring basic obligations will lead to a frustrated tenant and could have a negative effect on the rest of your rental business.
#4 Maintain Records
Rather than relying on handshakes and memory, it is best to keep everything in writing. From repairs and maintenance to communication itself, documented information is harder to dispute in the event of a disagreement. Such recorded data leads to less bickering and healthier relationships.
#5 Keep Lines of Communication Open
Provide the tenant with your email and phone number in case of maintenance requests or emergencies, respectively. Being aware of maintenance concerns will help you repair them in a timely manner before they grow costlier.
It is important to respect your tenant and hear their concerns, even if you feel their complaints are outside of your realm of responsibility. For instance, if they aren’t getting water in the bathroom, then you should have that investigated quickly. On the other hand, if they want you to replace the bulb in their table lamp, then you should politely advise them that is their own responsibility.
#6 Find the Right Balance
It is important to maintain a friendly but professional relationship with your renter. While being cordial is always advisable, crossing the professional boundary will make it harder for you to remind your tenant of their duties, should the need arise. Keep in mind that this is your business, and as with any business, emotions must be kept in check. Otherwise, a disagreement can escalate into a shouting match, and no relationship can recover from that.