While many people become landlords after carefully considering their position, this isn’t the case for everyone. There are some people who become a landlord due to extenuating circumstances. There has been a rise in the number of accidental landlords, and we know people placed in this position are looking for guidance and assistance.
We are pleased to offer accidental landlords tips, and anyone looking for help in this matter should contact SC Property Management.
You must focus on the appearance of your property
Tenants aren’t going to care about how you became a landlord, they only care about the standard of rental property on offer. Therefore, you must make sure the rental property is clean, and has been prepared to a high standard.
If you have inherited the property, preparing it for rental purposes is a tougher task than the one faced by landlords who invest in a new rental property. However, you cannot worry about, you must solely focus on making sure your rental property is clean and presented with a tenant in mind.
You should be as responsive as possible
While you cannot respond to each response or query, the faster you respond and carry out improvements, the easier your job will be in the long return. You need to develop a good working relationship with tenants, and if you make them feel valued, they will be more likely to stay in your rental property for longer.
Work with local experts
While doing work yourself saves money, it isn’t advisable if you are not experienced or qualified for certain tasks. There are so many regulations which landlords must follow, it is imperative you get help from qualified professionals, especially when it comes to conducting tests and checks at your rental property.
You could liaise with professionals yourself, but many landlords find it easier to call on the services of a property management company. At SC Property Management, we offer a range of property management services aimed at ensuring your rental property is cared for to the highest standard. We work closely with local professionals, ensuring you receive the best standard of service at all times.
You must enter the market with an appropriate price
One of the biggest mistakes made by landlords is entering the market with an inappropriate price. If the rental fee is too high, you will struggle to generate interest amongst potential tenants. If the rental fee is too low, you will be inundated with offers of interest, and you will likely attract many tenants you would prefer not to let to.
You need to develop a good relationship with your tenants
You don’t need to become best friends with your tenants, but you should look to develop a cordial relationship. Make sure you communicate well, and treat them with respect, while expecting respect in return. If you can be flexible with tenants, they will hopefully care for your rental property in a respectful manner.
Of course, if your tenants don’t comply with regulations or the tenancy agreement, you need to be tough with them.
If you are an accidental landlord and looking for property management tips and guidance, please contact SC Property Management today. We have a range of services aimed at helping you manage your property and enjoy success as a landlord.