Clients 1st Property Management serves quality property management to all of Cherokee County and surrounding areas.
As a landlord in Woodstock, your main legal responsibility is to provide a safe and habitable house to your tenants who are renting it. If you’re doing that, you’re meeting the basic requirements of being a landlord.
At Clients 1st Property Management we’re in the business of helping both landlords and tenants have a better rental experience. So, we’re sharing some of the additional responsibilities you have to your tenants, your property, and your community.
Maintain Your Rental Property
Keeping your rental property well-maintained is important for several reasons. First, it protects the condition of your investment. Deferred maintenance costs you money and causes you problems. Small problems have never become easier or less expensive with time. If a tenant reports a minor issue, fix it right away. You want to keep your home’s value stable and increasing.
You also need to respond to maintenance issues because it keeps your tenants happy and feeling supported. One of the main reasons tenants refuse to renew a lease is because there was a lack of responsiveness with maintenance and repairs. Don’t give good tenants a reason to leave; it’s your responsibility to maintain your home, and you should do so proactively.
Open and Transparent Communication
You’re also responsible for setting a good standard for communication with your tenant. Be responsive, available, and accessible. Don’t ignore phone calls, ensure you respond to text and email messages promptly. Whether your tenants have a question or are reporting a problem, you need to listen to them. Be honest and courteous. If you can’t fix something minor right away, explain why and give them a timeline so they know when to expect the repair. If you’re going to need to enter the property, provide enough notice. Good communication will solve a lot of problems and avoid a lot of disputes between landlords and tenants.
Follow the Terms of the Lease
You need to enforce the lease as a landlord, but you won’t have much credibility when you’re enforcing it if you don’t follow it yourself. Make sure you honor grace periods when it comes to rental payments, provide enough notice if you want to terminate the lease or raise the rent, and fulfill all of your responsibilities when it comes to maintenance, lawn care, information, and accounting. Give tenants a way to track their rental expenses and any other fees or expenses they’ve paid. If you say you’re going to do something – do it.
These are just a few of the responsibilities that you have when you buy investment property and rent out homes to tenants. We can make it easier for you. Hiring a professional Woodstock property management company can relieve you of the day-to-day responsibilities and help you have a more pleasant and even a more profitable rental experience. Our systems, processes, resources, and expertise can help you keep your costs down and your rental income up.
Contact us at Clients 1st Property Management to find out more about how we can help you be a better landlord.