As a landlord, you're aware that tenants feel in charge of your relationship. Renters always tend to want more and more from their landlords, no matter how large their deposit is. That's why we've compiled this list of five tips for managing tenants to help you get back to what matters: living!
1. Keep the Rules Clear
Asking yourself these questions about your rental agreement might help you establish a clear picture of how you want the process to go. It will not only speed things up for renters, but it will also benefit you as a landlord. You won't waste a potential renter's time by focusing on the essentials of a lease agreement.
2. Take Advantage of Their Move-In to Review Your Property
Even if your renter has a move-in checklist, they are unlikely to know all they need to do before moving in. Begin by assessing their needs and coordinating to prepare for their arrival. Moving into a rental apartment is stressful enough on its own, so make the process as easy as possible for all sides.
3. Get an Estimate of Their Credit Score
It is essential to deal with renters who can pay on time and have good credit. That is why you must get their credit record and score before proceeding with any lease discussions. It will help you determine their financial situation and make the process easier for both of you.
4. Create a Smooth Transition
When it comes to the move-in process, organizing and preparing things at hand is necessary. Prepare questions such as what furniture and amenities they will need. Take notes throughout the talk and ensure that everyone is on the same page before proceeding. And, of course, don't forget about the regulations of your property! If a tenant doesn't understand your rental agreement, go through it again with them.
5. Make the Move-In Day Special
Moving may be stressful enough on its own; why add to the burden by making the move-in day seem difficult? Please create a special day to welcome your renter into their new home and provide a chance for discussion.
Do you need assistance with managing tenants? Visit Illume Property Partners to learn more about rental properties and get tips on keeping your rental assets in good shape.