We all know that not all properties are created equal - some are big, some are small, some are miniscule. There are some that are idyllic and perfect, but comes with a few hitches: the landlord being one of them. Some say that dealing with landlords is even more stressful than dealing with the shortcomings of their dwelling space. So, if you're one of the lucky ones who have invested in a rental property this past summer selling season, then listen up.
Many renters find out after they've already moved in, that their landlords are a pain when it comes to respecting their right to quiet enjoyment of the property. It may be that you frequently and mysteriously appear at the property, or you enter the premises without notice. Whatever the annoyance, it can quickly lead to a strained landlord-tenant relationship.
The key to being a good landlord -- and making more money on your rentals -- is to have a good working relationship with your tenants. Here's how to balance taking care of your property with being respectful of your tenants and their personal space.
If you rent your property to decent tenants, then you'll be less likely to worry and you'll be less nosy. That will translate into leaving your tenants alone, which will make everyone happy. So work hard to find good tenants by doing the proper credit checks, calling references, talking to past landlords and verifying income before agreeing to let someone rent your property.
GIVE PROPER NOTICE
Once your residents have moved in, you should try to avoid going by the property without notice. No one likes someone watching them -- and this includes driving by, too. Always try to give proper notice, at least 24 hours, so they can clean up and be ready for your arrival. Most tenants are not going to mind reasonable inspections (two to three times per year) as long as they know you are coming. Remember, most tenants are concerned about the landlord for various reasons. Put them at ease, and you'll have a better relationship with them.
MAKE TIMELY AND NECESSARY REPAIRS AND IMPROVEMENTS
So what about a landlord's time frame for fixing broken items? Obviously water, electrical, gas, heater and air conditioner issues need to be attended to immediately. But sometimes less vital items such as malfunctioning appliances or sticky doors fall lower on a landlord's to-do list. Keep your tenants posted on the status of clearing any issues, and try to fix them as soon as you can.
TRICKS FOR TENANTS
The better tenant you are, the less concerned your landlord will be. If you take great care of the property and don't cause issues, you'll soon learn your landlord has much better things to do than keep an eye on you. Paying rent on time, keeping the property in good shape and being neighborly all help reduce a landlord's stress and will benefit you by leading to fewer inspections and better service when issues arise.
If something is still irritating you, such as the landlord leaving personal items in the house or coming by too often, try the diplomatic approach first. Just a nice short and courteous email goes a long way with most people.
If that doesn't work, unfortunately your best option might be to just move at the end of your lease term. Make sure to let the landlord know why you're moving: It'll serve as a hard lesson that putting in the extra effort to keep good tenants usually pays off.
And if at the end of the day you know you have what it takes to be one of the city's best landlords, it's not too late to find an investment property for you. Call us now to inquire about opportunities in the city's hottest neighborhoods! We have listings you'll want to preview. We also offer free consultations, so you'll get to see how much you can earn from your investment! Book an appointment now at (617) 505-1781 or via email at firstname.lastname@example.org