Rental Tips: Landlords & Tenants
– Communication is key for both landlords and tenants. Landlords need to know how their property investment is faring, while tenants want to feel comfortable that they can reach someone should any issues arise. Working with a property manager who is committed to communication is one of the most important parts of the rental process for both landlords and tenants.
– Understand the importance of property inspections. Inspections are important as they ensure that a landlord’s investment is being properly taken care of and, when conducted on a regular basis, identify any repairs before they become serious problems for a tenant.
– Only work with property managers who research and employ qualified and insured contractors. For landlords, this ultimately reduces the costs of property maintenance, as a cheap fix isn’t always the best fix. For tenants, this means more minimal disruptions from contractors as they conduct necessary repairs.
– Before renting or putting a property up for rent, make sure you know your property manager’s tenant arrears handling procedure. This means fewer surprises down the line for tenants and landlords alike.