For every landlord, the relationship you have with your tenants can make your work much more manageable. Tasks like collecting payments, enforcing rules, and even making requests, will be handled quickly and more efficient. This is what a smooth and healthy relationship can give you. How can you achieve this? Here are some tips.
It Starts During The Application Stage
It all starts with information gathering and background checks. Of course, screening your tenants and avoiding troublemakers is one of the first things you do. Try talking to previous landlords about the prospective tenants you have.
Learn more about each other. The requirements of each party may not match what you are both offerings. So it is essential to know the expectation of each person. Be open and upfront from the beginning. Transparency will help enable everything is clear, agreed on, and final.
Put All Agreements In Writing
Your contract is the baseline for everything. Ensure it is complete and precise, and read thoroughly by your tenants. Make sure they understand each item and be open to clarifications and questions. I would recommend a sit-down session and discuss each point.
If during the negotiation phase you promise anything to the new tenant, put it in writing. All agreements should be in writing to help protect both parties. It will make sure that both sides will abide by what was agreed upon. This includes requests for new carpets, tiles, or any upgrades.
The same goes for damages and unit wear and tear. Do a walkthrough of the unit together with your tenant. They may point out some items that are damaged or broken even before they move in. This is to help avoid confrontations for repair requests.
During Their Stay
Avoid making excessive requests and always stick to your agreements and lease. Make sure the rules are clear, so enforcement is understood and transparent.
Most of the time, conflict arises from payments and rent. Make sure you have an orderly system in place to make sure it runs smoothly. Give the tenants enough time and warnings before their due date.
Many conflicts center around rent, additional requests, and contract misunderstandings. Be clear and transparent with all these, and you will avoid the stress of dealing with confused tenants. Of course, there will always be instances where you will be put at risk. Having the right coverage will help protect you.
At Mauser & Tobin Co., Inc., we work hard in making sure that our clients are well-protected with policies that they can afford. To learn more about how we can help you, please contact our agency at (516) 747-0171 or Click Here to request a free quote.