The term landlord is so much more than just a phrase to describe someone who lets a house. It’s a job. Being a landlord is a venture that should be taken very seriously. Even if you don’t plan on letting out hundreds of properties, you should still try to be the best you can be. After all, you’d like to keep your tenants in the property as long as possible. Use these tips and tricks to help you:
Properly Vet Your Tenant
The first step is to properly vet your tenant before allowing them to move into your property. While this is more about them than it is about you, if you fail to do this, you needn’t even bother using the rest of these letting tips. Without doing security checks to make sure this person is who they say you are, you could be letting yourself in for a lot of trouble. No matter how brilliant of a landlord you are, you won’t be able to sort something like that out very easily. Make sure they are capable of paying you each month and that they seem respectable.
Do Everything By The Book
If you want to be a real landlord, you need to do everything by the book. This means getting a buy to let mortgage, insurance, doing the proper checks on your property, and taking care of the deposit the right way. If you’re confused about any of this, there’s a plethora of information online. I’m sure a letting agent would be happy to help you too.
Get Issues Sorted in a Timely Manner
Issues will undoubtedly arise every so often while your tenant is in the property. This is usually through no fault of their own; just regular wear and tear. It’s up to you to get these issues sorted for your tenant in a timely manner. You’ll need to arrange and pay for repairs so that your tenant can live comfortably again.
Be Polite and Respectful
As you should treat this like a business, you’ll need to offer great service to your tenant by being polite and respectful to them. Treat them as if they were a paying customer of yours. A huge no-no is going into the property without their permission. If you continue to do this, you can get in trouble for harassment.
Send Your Tenant a Christmas Card or Small Gift
If you treat your tenant as if they were a valued client, they’ll be more likely to stay with you, helping you to grow your property empire. To say thank you for being great and paying on time, you could send them a Christmas card or small gift during the festive season. This will likely mean a lot to them, and they’ll appreciate that you realise they are a great tenant to have. The gift should be something neutral, perhaps a box of chocolates, bottle of something alcoholic, or subscription to a magazine. Anything else may be deemed inappropriate.
Do everything by the book with a smile on your face and a great attitude, and you can’t go wrong!