Home Uncategorized What makes an Ideal Landlord?

What makes an Ideal Landlord?

353

Things that Makes an Ideal Landlord

A number of people are turning to property investment and renting as a steady source of income. They purchase property not to live in, but to rent out families or individuals. So they acquire a new status as a Landlord.

Being a landlord is not easy. You have to be on your toes all the time to assure you the tenant and your property is taken care of. Speaking of which, following, we are going to share a few points with you. These points will help you do a better job as a landlord. So, take the time to read these guidelines.

  1. Quiet Environment

Being the landlord, you are supposed to provide your tenant with a quiet environment. When you screen tenants, you should look at whether they will behave respectfully in the community or not. To enforce the community rules, you better come up with a strict policy for quiet hours that the tenant needs to follow. For instance, your tenants are not allowed to play loud music or make loud noises after 10 pm. Inform them that they should be respectful to the local community.

2. Clean Environment

The tenant expects its property to be clean. Well, the landlord is certainly not responsible for doing the dishes or laundry. But there are a few responsibilities that fell on your shoulders.

For starters, you have to assure the trust is taken out daily. You can manage it yourself or manage an agreement between the tenant or some superintendent. Also, you have to assure the high traffic areas are properly maintained. They should be free from the garbage. Mopping or vacuuming has to be done on a set schedule.

The whole building should have working lights (fixtures and bulbs). If the tenant runs into a problem with rodents, etc., you have to get rid of it. Hire a professional service and let them do it for you.Respond to Repair Request ASAP

3. Respond to Repair Request ASAP

The tenant pays rent to live in your property. So it’s your responsibility to respond to their repair request promptly. Yes, if you rent a property in Glasgow, you have to assure it’s in top-notch condition.

The severity of the repair is an important factor. For instance, if a cabinet door is on its hinges, it doesn’t require instant attention, but you should get it repaired in a week at best.

If it’s the cold season and the heating unit is out of order, then you should rush to get it fixed. Its serves in the best interest of your tenant and your property if there is no heating, then the water pipes might freeze if they break then this will cause you a fortune to repair.

4. Advise Your Renters to Buy Insurance

Most times, tenants don’t know what’s covered under your insurance policy. Therefore you should advise them to buy renter insurance. This way, their possessions are protected in case a fire breaks out, there is a flood in the area, or some other unfortunate event happens.

The insurance will also help protect them from liberty from an accident that can happen with a guest inside their property. Don’t worry, the insurance won’t cost you a fortune, but it cure can keep you breaking your bank account in case of an emergency.