43% of tenants hate their landlord, which is a grim number. For first-time landlords, this can be daunting too; no one wants to disappoint their tenants, after all.
The good news is, you can learn from these people's mistakes and ensure your renters are satisfied with your services. As a result, you'll build great relationships that'll pay off, as they'll be more incentivized to take care of your units and extend their contracts.
So what do you need to do? Read on to find out how to be a good landlord in Ocala, FL.
Communicate With Your Tenants
Communication is vital for all types of relationships, and this includes landlord-tenant ones too. One of our landlord tips is to keep potential tenants updated on their application status, and once you approve them, be clear about how and when they should sign the lease, pay their deposit, etc.
Communication doesn't end after the application process either. Make sure you let renters know how long maintenance will take, what work will be done on the property and when, and more.
For important things like lease breaks, get everything in writing. It'll be easier to refer to, especially if there's a dispute later.
Regardless of the communication methods, always respond promptly.
One of the best landlord qualities to have is organizational skills. If you lose track of items like maintenance requests and deposits, then your tenants will be rightly angry with you.
If you find these things difficult when becoming a landlord, then working with a property management company can help immensely. Plus, it'll free up your time.
Before things go wrong, research local vendors first. That way, if things break on your property, you'll already have someone trustworthy to come to patch things up.
Don't try to cut corners and let things deteriorate before finally getting them fixed either. Renters will appreciate an honest landlord who informs them of things that need repairs and sends contractors out without them asking.
Have a Good Screening System
The landlord-tenant relationship goes both ways; you can't be an excellent landlord if your tenant isn't respectful and treats you and the property terribly.
If you take the time to create a good screening system though, it'll pay off. You'll find renters who'll treat your property like their own home and pay the rent on time. As a result, you'll have more energy to focus on being the landlord they deserve.
Know How to Be a Good Landlord
By knowing how to be a good landlord, you'll make your property a more pleasant place to live.
Your efforts won't go unnoticed, as excellent landlords are hard to come by. Before you know it, you'll have a stellar reputation, and not only will you keep your units filled, but you'll also have quality tenants you can rely on.
If you need help with property management in Ocala, then get your free property consultation now. We'll help with everything from marketing to evictions.