If you are considering renting out one of your property to tenants, or you are someone that has already been a landlord for a while, it can be a great way to earn some money on the side. The rent that your tenants pay can help to cover the mortgage of your property and will give you a good yield and sum to save in the future. Yet being a landlord isn’t as easy as just having someone move in and that’s it. You want to ensure your tenants are happy as the longer term you have the for, the better it is and the less hassle for you. If you are looking for some ways to be a better landlord, we have put together some tips to help you do this.
Carry out repairs in a timely fashion
One of the most frustrating things for tenants can be if something breaks in their apartment and they aren’t able to get it fixed. To avoid any aggravation and keep them happy, try to get it fixed as soon as possible. If you are doing actual repairs to the house itself, consider professionals using things such as voidformer which is effective but cheaper to build with. This can save you money while still doing a great job of the task at hand.
Be flexible with the place
Tenants want to view the rented apartment as their home, which is what you need to help them to do. In order to keep them happy, if you know they are going to be there for a long time, it can be a good idea to let them be a little more flexible with the place. While you might not want them painting the walls or changing the floor, if you decorate it neutrally, then allowing them to put photos on the wall or put the TV on the wall can make a real difference.
Communicate well with your tenants
Communication is key and so if you want to be a good landlord, trying to communicate well with your tenants is a useful tip to follow. Take any requests they might make and consider them carefully before saying no – if they want to redecorate, why not let them as long as it is back to the condition it was when you let it out when they move? Be accessible via Whatsapp or email as well as a phone so they can contact you easily in an emergency and try to respond quickly when you can.
These are just a few top tips that you can follow which can help you to become a better landlord for your tenants. The better you all get along, the nicer it will be for all of you. If you have only recently become a landlord it can feel like a bit of a minefield at first, but these top tips should hopefully help you on your way. Are you a landlord? What are some top tips you like to follow? Let us know in the comments below.