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Keeping It Civil With the Tenants

admin — Tue, 31 Jan 2012 00:00:00 +0000

There is this prevailing notion in the world today that the landlord-tenant relationship ends the minute the tenant signs the lease. That, upon signing, things like civility and courtesy are out the window and all that remains is a fragile alliance solidified by a year-long contract and that is not how you want to do things if you are a landlord who wants the most from their tenants. There are lots of things you, as a landlord, can do to keep things civil with your tenants and none of it really requires tremendous effort, just an exercise in consistency and decency on the part of the landlord.

Tips to Get Started:

1. Advice Regarding Utilities
If you are like most landlords, utilities aren’t coming out of your pocket because you don’t include it in the rent. A friendly nudge in the right direction when it comes to reputable texas electricity companies or wherever you happen to be living will do wonders in the relationship with your tenant.

2. Treat All Tenants Equally
No favoritism when it comes to tenants, or nothing overt that others will notice. It’s unfair to the people renting from you and it can only lead to trouble in the long run.

3. Everyone Follows the Rules
This goes with the favoritism tip. If one tenant has to follow the rules described in the lease then EVERYONE follows those rules. No exceptions and no special treatment for new acquisitions. This means no loud noises, no hogging assigned parking, no slamming doors – whatever is in the lease, it is gospel.

Should the landlord have a liability policy?

admin — Mon, 12 Sep 2011 00:00:00 +0000

It really should not be mandatory that the landlord has a liability policy. This is because it should be an option for the tenant, if they want to pay an extra amount every month on their rent. It is their responsibility is something were to happen to the tenant’s belongings. That has nothing to do with the landlord. The tenant should be informed though, prior to moving in that they can add it on to their rent if they choose to. They should also have to sign something if they refuse to add the liability. They should also sign something if they agree to have it added. If they refuse, they need to know that the landlord is not going to be responsible for any loss or damages. If it is on paper, nothing can be held against the landlord. Many people do not feel that it is necessary. Many apartment buildings would probably lose business if they have to pay for liability as well. People set a budget as to what they want to pay every month. Landlords can stress how important it is to add on a liability policy to their rent. It can cover costs of damages.Keep looking, there-s more: The majority of landlords do not know their rights & responsibilities or applicable tenancy laws.

Top five ways to keep a renter happy.

admin — Sun, 11 Sep 2011 00:00:00 +0000

As a landlord you want an honest, reliable renter. Who wouldn’t want that? So, you fix your rental property up nice and find your ideal renter. How do you keep that ideal renter invested in your property long term? Try these top five ways to keep a renter happy and you will be a happy landlord.

1. Make sure your rental property is safe and meets building codes, not just cosmetically appealing. Don’t attempt to cover up safety violations with a coat of fresh paint.Get more information here. http://www.businesspundit.com/how-to-protect-your-investment-property-with-landlord-insurance/

2. Be available to your renter. Give your renter dedicated “office” hours that you will be available by phone. Be available when you have promised. If you can’t be there immediately, let the renter know when you can be there.

3. Be an honest landlord. Don’t make unrealistic promises that you cannot, or do not plan to keep. Honesty is the best policy.

4. Be prompt with repairs. When your renter needs a repair, be there promptly to fix the problem.

5. Communication is the key. As with any relationship, communication is the key to making things run smoothly. Listen to your renter and convey your expectations clearly. Communication will help create a solid partnership.

Should the landlord require renters insurance for the tenant?

admin — Thu, 08 Sep 2011 00:00:00 +0000

Renters insurance shouldn’t be required for a tenant but it should be mandatory that it is spoken about before a tenant moves in. Most tenants cannot afford or do not believe that it is worth covering. It just all depends, but a landlord cannot force a tenant to protect their belongings. They should be informed that if something does happen, and they do not have insurance, that they are not responsible for any damages or losses. They will have to come out of pocket to get these things replaced and fixed. It should be solely up to the tenant if they want to pay for rental insurance or not. As long as they are aware of the consequences if they do not, then there is not a need for it. Landlords can have some type of requirement where a paper needs to be signed by the tenant stating that they refused it or accepted it. This just goes to show that their decision was documented just in case something were to happen. They will not be allowed to take anyone to court and sue, because it is their responsibility to pay for it. All landlords should take that into consideration.

How landlords can keep their rentals looking great.

admin — Sun, 04 Sep 2011 00:00:00 +0000

There is so much that landlords can do to make sure that their rentals always remain looking great. You have to up keep the maintenance on all of the rentals. When someone moves out, it is always wise for maintenance to get in their and see what needs to be done. If the carpet needs to be cleaned, and the walls need to be painted, this should all be taken care of before it is up for rent again.The full explanation can be found at http://landlordfraud.wordpress.com/2011/08/31/rental-laws-3-types-of-landlord-fraud/ Tenants will not move into something that they feel needs a lot of work on. They will not want to move into property that they see doesn’t look good to them. They need to also keep up with the fixings of the utilities in the rentals as well. The minute a tenant reports something, they should stay on top of it. This will cut a lot of the fixing time in half when the property is getting ready to be up for rent again. It takes a really good and responsible landlord to see those things. There is a lot that can be done to the inside and outside of the property. They will not have anything to then worry about.