{"id":15950,"date":"2018-03-13T11:34:39","date_gmt":"2018-03-13T11:34:39","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=15950"},"modified":"2020-08-13T14:20:47","modified_gmt":"2020-08-13T14:20:47","slug":"it-can-be-easier-being-a-landlord-5-tips","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/it-can-be-easier-being-a-landlord-5-tips\/","title":{"rendered":"It Can Be Easier Being a Landlord &#8211; 5 Tips"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p>It\u2019s an exciting place to work, but it has its challenges. As a landlord of a building you meet new people all the time, so you\u2019re never bored. But all tenants bring unpredictable circumstances and personalities.<\/p>\n<p>You need expert skills at working with people. And what about a <span><a href=\"https:\/\/grademiners.com\/\">paper writing service<\/a> to create airtight contracts &amp; information packages so misunderstandings are kept to a minimum.<\/span><\/p>\n<p>But here\u2019s the best tip of the day. Be proactive. Don\u2019t let unforeseen circumstances take the joy out of your daily tasks.<\/p>\n<h2><span>The First Meeting<\/span><\/h2>\n<p>It all starts with that first meeting.<\/p>\n<p>You may think you have to accept the first offer you receive, but remember this:<\/p>\n<ul>\n<li>You reserve the right to pick who you want to provide housing for.<\/li>\n<li>Pick long term solutions as tenants, instead of momentary resolutions that could cost you conflict and money in future.<\/li>\n<\/ul>\n<p>That\u2019s why you should do background checks and contact previous landlords to find out about tenants\u2019 reputations.<\/p>\n<h2><span>Get Paperwork in Order<\/span><\/h2>\n<p>After a first meeting went well, it will be time for the dreaded paperwork.<\/p>\n<p>It\u2019s wise to invest in legal advice so you know your contract protects your assets. It\u2019s vital to be clear about:<\/p>\n<ul>\n<li>Regulations about pets<\/li>\n<li>Parking<\/li>\n<li>Utility costs<\/li>\n<li>Payment schedule<\/li>\n<\/ul>\n<p>You don\u2019t want misunderstandings to result in conflict between tenants or with yourself.<\/p>\n<h2><span><img loading=\"lazy\" class=\"alignnone size-large wp-image-15952\" src=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/tenancy-600x215.jpg\" alt=\"\" width=\"600\" height=\"215\" srcset=\"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/tenancy-600x215.jpg 600w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/tenancy-260x93.jpg 260w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/tenancy-100x36.jpg 100w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/tenancy-150x54.jpg 150w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/tenancy-200x72.jpg 200w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/tenancy-300x107.jpg 300w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/tenancy-450x161.jpg 450w, https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/03\/tenancy.jpg 701w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/span><\/h2>\n<h2><span>Lay Down the Law<\/span><\/h2>\n<p>Along with the contract, tenants must sign a list of rules you expect them to abide by. But then it\u2019s important you follow them too.<\/p>\n<p>If you live on the property you can\u2019t play loud music if no one else is allowed to. Show respect and others are more likely to treat you the same way.<\/p>\n<h2><span>Establish Communication Lines<\/span><\/h2>\n<p>And what if a tenant has a problem? Never ignore them, or forget to take up your responsibilities. And make it easy from the start:<\/p>\n<ul>\n<li>Ask for all communication to be in written form, whether on paper or email. You need a record of what is said if it ever results in a legal matter.<\/li>\n<li>Remember to check your email regularly, so no one thinks you\u2019re avoiding them.<\/li>\n<li>Ensure you have a communication strategy for emergencies too. If something goes wrong you must be told immediately. You don\u2019t want tenants taking initiative and perhaps damaging the property while you\u2019re not there.<\/li>\n<\/ul>\n<p>Any client\u2014even tenants\u2014has a need to be heard and understood. If you facilitate the process, they\u2019ll be positively inclined towards you and the premises.<\/p>\n<h2><span>Keep the Good Ones<\/span><\/h2>\n<p>You can see it\u2019s challenging to get good tenants. So don\u2019t lose them. When they move out, you\u2019ll have to spend money advertising on finding a new one. And who says the new one will also look after your property.<\/p>\n<p><span>Also, a new tenant may ask you to fix the home service or <a href=\"https:\/\/www.thelocaltreeexperts.com\/\" target=\"_blank\" rel=\"noopener\">tree service<\/a> issues. Just take care of them quickly and make your tenant happy.<\/span><\/p>\n<p>A few tips:<\/p>\n<ul>\n<li>Ask tenants to renew agreements months before their contracts expire. They\u2019re more likely to decide to stay and if you need to find someone new, you\u2019ll have enough time.<\/li>\n<li>When excellent tenants ask for a lower increase, don\u2019t ignore the requests. A new tenant may cost you more in damages than having a good tenant that pays slightly less than the others.<\/li>\n<\/ul>\n<p>You can see it\u2019s all about the best long term solutions.<\/p>\n<p>If you ever need help as a landlord you can always use our <a href=\"https:\/\/www.thehouseshop.com\/free-landlord-advice\"><strong>FREE<\/strong> landlord advice<\/a>. Qualified lawyers can give specialist advice to help you with anything from tenant disputes to arrear and debt collection.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s an exciting place to work, but it has its challenges. As a landlord of a building you meet new people all the time, so you\u2019re never bored. But all tenants bring unpredictable circumstances and personalities. You need expert skills<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/it-can-be-easier-being-a-landlord-5-tips\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":11479,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[1,16,9],"tags":[],"wl_entity_type":[602],"modified_by":"Editor","_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2017\/06\/Landlords-pitting-generations-against-each-other.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/it_can_be_easier_being_a_landlord_-_5_tips","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/15950"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=15950"}],"version-history":[{"count":10,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/15950\/revisions"}],"predecessor-version":[{"id":22691,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/15950\/revisions\/22691"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/11479"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=15950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=15950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=15950"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=15950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}