Content

• Steps
• Method 1 of 1: Sample Lease Documents
• Tips
• Warnings

Find out the easiest way to become a great landlord. The main secret is to please the tenants and be friendly! It's really that simple - friendliness, fairness and generosity. If you take one step forward, your tenants will take three.

Steps

1. 1 Make an effort. If you want tenants to make an effort, set an example.
2. 2 Set a fair rent; do not peel off tenants like sticky. You can ask for an above market price if your property is also above average. Otherwise, the inflated amount will cause resentment.
3. 3 Encourage timely payment (for example: movie tickets, DVD rental vouchers, chocolates, something your renter will love).
4. 4 Find out who your tenants work and something else about them. You should be able to chat with them about their life. (example: "How are Johnny and Sarah?", "Do you still play bowlin?").
5. 5 Keep in touch with residents. If you missed their call and they left a voice message, call back as soon as possible. Nothing is more annoying than a manager who is never there and who cannot be contacted.
6. 6 Discuss mutually beneficial terms. For example, if the doorknobs need to be replaced, offer to pay for them if the tenant installs them. Or, if it's too hot for them in their room or home, offer to install a ceiling fan for an additional $ 7 per week. You need to make sure both parties benefit, not just you.
7. 7 If you are not going to deal directly with the property, it makes sense to hire a good property manager. Not a mediocre, but a good manager, because he will manage your profits, livelihood, “brainchild”, you need someone “really” worthwhile.

Method 1 of 1: Sample Lease Documents

These documents will help you understand what information tenants should provide you with.

Tips

• A good tenant is one who makes the extra effort:
  • makes cosmetic repairs at its own expense
  • adds value to your property (ex: installs a broadband connection, paints a balcony railing, etc.)
  • always pays rent on time or even in advance
  • take care not to scratch the floor or furniture
  • thoroughly cleans everything and everything does not age / rust so quickly.
• From the very beginning, stipulate all the conditions and your expectations from the candidates. Agree on timely rental payments. Stick to the rules to maintain a good relationship with other tenants. Enter penalties for late payment for accommodation.
• Do not stick to the rule: "The client is always right" - because this is not always the case. Yes, they are your tenants, but you remain the owner.
• To start your acquaintance properly, show all your hospitality when the tenant crosses the threshold for the first time:
  • if your tenant hasn't moved in yet, make sure the property is perfectly clean before the movers and all your belongings arrive.
  • To make the move more pleasant for your tenant, leave a few rolls of toilet paper in the bathroom, and cute little bars of soap and a bag of paper towels near each sink.
  • put 6 bottles of water in the refrigerator.

Warnings

• Renovate your rented space in a modern fashion.
• Do not treat the residents as you would with children - they themselves know when to mow the grass, remove snow, etc.
• Even the best of people will resent the landlord if they are not happy with the stay. Even if the resentment is only on a subconscious level, because of it, the tenants will have less desire to take care of your property properly. If you want them to be good tenants, you will have to become a good landlord and follow the tips above.
• Even though the landlord owns the property, it is the tenants who live there. Don't be annoying.
• A disgruntled tenant is likely to cause headaches and unnecessary spending. If they choose - it is very easy for them to hurt you economically - many homeowners have spent thousands to clean and repair their homes after what the tenants arranged. Damage cannot be obtained if the tenants go bankrupt, so the homeowner is likely to suffer huge losses.
• Don't look down on your tenants.