James Lynn Granum Jr. helps to manage a number of different
properties and has rented out his own before he moved away from
Washington D.C. He believes that the most important thing a landlord can
do is to keep their tenants happy, ensuring they have a regular flow of
income. He offers a number of pointers to people who are new to the
industry.
Be Communicative
If a tenant sends you an email or attempts to call you, be sure to give them a reply as quickly as possible. Tenants like to know that their concerns are being dealt with as swiftly as possible, so if you are not communicative enough you may find that they become disgruntled and may start searching for another property, taking cash out of your pocket in the process.
Property Maintenance
As a property manager you will be responsible for almost all of the maintenance work that must be done to keep the property in a good condition. You must take this responsibility seriously, as failure to carry out maintenance and repair work when it is required will make your tenants unhappy and may make it more difficult to rent the property out in the future.
Respect Tenant Privacy
While James Lynn Granum Jr. notes that it is important for landlords to carry out inspections of their properties on a fairly regular basis, you must also respect your tenant’s right to privacy in doing so. Always communicate with your tenant to arrange a visit and never organize maintenance work without first giving your tenants advanced notice of what is going to be happening.
Be Communicative
If a tenant sends you an email or attempts to call you, be sure to give them a reply as quickly as possible. Tenants like to know that their concerns are being dealt with as swiftly as possible, so if you are not communicative enough you may find that they become disgruntled and may start searching for another property, taking cash out of your pocket in the process.
Property Maintenance
As a property manager you will be responsible for almost all of the maintenance work that must be done to keep the property in a good condition. You must take this responsibility seriously, as failure to carry out maintenance and repair work when it is required will make your tenants unhappy and may make it more difficult to rent the property out in the future.
Respect Tenant Privacy
While James Lynn Granum Jr. notes that it is important for landlords to carry out inspections of their properties on a fairly regular basis, you must also respect your tenant’s right to privacy in doing so. Always communicate with your tenant to arrange a visit and never organize maintenance work without first giving your tenants advanced notice of what is going to be happening.
