A rental home can be a good source of steady income, but it can also be a source of stress if you have a bad relationship with your tenants. The relationship between tenant and landlord is inherently complicated: the house is your property, but it’s the tenants’ home. Mutual respect and open communication are the keys to keeping the peace a form a better relationship with tenants.
How to Form a Better Relationship With Tenants: Make it Easy to Reach You
As a tenant, nothing is more frustrating than not being able to reach the landlord or property manager. These days, most people prefer text messaging if they have a quick question or concern. Texting is fast, easy, and convenient for everyone.
Yet, there are times when nothing can replace the human voice. A phone call can effectively resolve issues that are complex or sensitive. To avoid phone tag and voicemails, ask your tenants to text first to set up a good time to talk.
Fix Things in a Timely Manner
As the landlord, you are responsible for maintaining the property and making any needed repairs. That doesn’t just refer to major problems like a broken furnace or leaking pipe, but also to those small issues that disrupt the quality of life.
When you regularly maintain the property and make needed repairs promptly, you are sending the message that you care about the home and the people who are living in it. In the long run, this can have a business advantage. Being a good landlord will mean tenants that stay for longer.
How to Form a Better Relationship With Tenants: Get to Know Your Tenant
If you only respond to a tenant after a complaint, you’re laying the groundwork for a bad relationship. Instead, learn about your tenant and fill out an application. After the usual background checks, take some time to get to know the tenants, their family, job situation, and lifestyle.
A friendly chat now and then benefits both of you. Your tenant will feel more comfortable discussing issues with you, and at the same time, you will be able to get ahead of any potential problems that might be looming.
The tenant-landlord relationship is based on a legal arrangement and governed by rules and agreements. Both have rights and responsibilities. Ultimately, implementing and enforcing lease can be more effective if you take steps to foster a good relationship with the tenant. Rental life’s easier when both parties are satisfied.
Check out this article on worst-case tenant scenarios you need to plan for!
See you at a meeting soon!
The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon!
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