A rental property is a smart investment. When all goes according to plan, this can be a positive influx of revenue. The ultimate goal is to find a tenant that will keep the place clean and pay the rent on time. However, there are some challenges that you need to be aware of as a landlord. You can mitigate trouble by making sure your tenants understand your rules. Here’s how you can win it being a landlord:
Set Overnight Guest Restrictions
You don’t want to feel like you are being someone’s parent but at the same time you don’t want to be taken advantage of. That is a factor when it becomes apparent someone is moving into the apartment that is on the lease. If this is important to, then you need to establish restriction policies with regards to overnight guests. Perhaps you can say no more than 10 days in any six month period. If someone is staying longer than that, then you need to provide permission in writing. The reason for this is that an extended guest is not legally responsible for anything that goes on the apartment because they’re not on the lease. That puts you at a huge disadvantage.
Be Careful With Tenants Personal Information
You are going to be getting a lot of personal information about your tenant during the screening process. This is not information that shouldn’t be shared with anyone. The only exceptions are when a landlord asked to share the residence rental payment history. The other exception would be if someone from law enforcement or public safety asks for that information. Of course, if that were to happen you can always ask for a subpoena.
Respond Quickly To Repair Requests
Even though you are not living in the rental property, this is still a kind of extension of your own home. That is why any repair request should happen in a prompt manner just as you would around your own house. That doesn’t mean you need to go over at 1 o’clock in the morning to fix a leaky pipe. But instead, you should have vendors ready to respond to any type of repair situation.
You also want to maintain the property as it pertains to any kind of rubbish and debris left behind by previous tenant. It only benefits you to get that cleaned up as quickly as possible. That’s where Junk King Miami can make a big difference. These junk hauling experts have a lot of experience cleaning out apartments of all kind of abandoned rubbish. Though gladly climb as many stairs the takes to get it all that stuff cleared away. Partnering up with Junk King Miami for rubbish removal is a great way to win as a landlord.