Proactive Landlords, Happy Tenants

Posted: 8/11/2014

When you own a rental property, it takes a lot of work to be successful: You need to be well informed, keep your tenants happy and your investment safe.

As a landlord, there is a lot you can accomplish with one simple tip: Check with your tenants regularly to know if there are issues that need to be addressed. One great thing about this simple step you can take is that it makes you aware of what is going on with your property, so you have the chance to stop any problems right at the root, saving time and hassle. This also helps you avoid potentially finance draining problems down the road.

Another great thing about always checking in with your tenants is that you are fostering a good relationship with them. Being friendly with tenants not only makes things more pleasant, it is also great for business.

When you establish a good relationship with your tenants by making yourself present and checking if they need to have anything fixed in the property, you show that you care about them. This could make tenants think more about extending the lease once the current agreement is up. This is always good, as any vacancy means loss of income. Furthermore, even if you raise the rent in the future, especially if the raise is dictated by the market trends, the tenant would not frown upon it because you make their life easier as a landlord.

When you are a proactive landlord, it usually results in happy tenants. Setting the stage for a good experience will ensure long term tenants and give them the ongoing feeling that they have made the right decision moving into your rental.