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What Makes a Good Landlord

apartment property management Beverly

As a landlord, you have a lot of responsibilities. The landlord-tenant relationship is a symbiotic relationship that, when both parties are on good terms, can be easy and rewarding. Read to learn how you can be a good and memorable landlord.

Customize the Lease
Instead of using standard lease forms you can pick up at an office supply store, consider adding specific conditions or details that you think will keep your property in good condition. As you customize the lease, be as clear and detailed as possible. You and the tenant should be on the same page when it comes time to sign.

On a similar note, know your state’s laws about renting. You don’t want to accidentally violate your tenants’ rights, which will make them unhappy or, in the worst-case scenario, land you in court.

Be on Top of Things
Be sure to give your tenants your work phone number and an email address where they can reach you. When a tenant tries to reach you, respond quickly. When a tenant submits a maintenance request, take care of it in a timely manner. A landlord who is available for his or her tenants is a trustworthy landlord, and this increases the chances that your tenants will renew their lease.

Fair is Better than Nice
You can be friendly and show your appreciation for your tenants by responding quickly to calls and requests and checking in on them every so often. But if you’re too nice and slacken the rules, especially those about rent, you bet your tenants will try to push the envelope. Be firm about rules and deadlines and enforce them.

But things get tricky when a tenant informs you of an urgent or inevitable situation—for example, a death in the family or a divorce. Here you must temper compassion with good judgment.

At MRS Property Management, we strive to make things easier for landlords and renters alike. We are located in Beverly, MA. To learn more about how we can help you, visit our website or call us at (978) 712-4208.

Categories: Landlord Tips

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