Landlords in the Atlanta area have many options when it comes to running their rental properties properly. Best practices dictate that properties remain viable both in terms of tenant satisfaction and profitability. Here are five best practices that every landlord should follow.
Always Follow the Lease
One issue that needs to be understood involves the process of designing a lease. A good landlord will always make sure the lease in a property is the final – and possibly the only – document that can be used when resolving problems with your tenant. Be sure to talk about your leasing plan with your prospective tenant before setting up an agreement so you can ensure that the lease is understood by all involved parties.
Offer To Help Tenants Get Adjusted
Another issue that many landlords often have with their tenants is that they may have renters that are not fully aware of what's around a local area. You should always assist any new tenants that you have in looking at the many things located around your area. By doing this, you can easily help someone to enjoy life in the Atlanta area.
Take Care of Repairs
There is always going to be a chance that your rental property might have repair or maintenance issues. From a cracked foundation to damages to the siding, roof, plumbing and HVAC issues, you must always address problems promptly and thoroughly in order to maintain good tenant relations.
One great practice to use is to talk with your tenants regularly about what repairs need to be made and what can be done in order to fix the repairs as quickly as possible, and to do the right way.
Always Be Available
It's always smart to ensure that you can be reached easily by your tenants. Make certain that your tenants have your contact information in the event that they have problems. Don't forget to answer their queries promptly and thoroughly.
On a related note, you must always let your tenants know when you are going to be out of town or unavailable for any reason. You should give a good advance notice about when you will be done, so people will be fully aware of when you will be gone for any purpose.
Keep Everything Secure
Security should be of utmost importance at your rental properties. The biggest problem that many landlords in Atlanta have is that they assume that their properties will be secured by the people who live in them. Security measures like complimentary alarm systems and lock systems will go a long way to create secure and protected properties, and it will also ensure tenant satisfaction and loyalty. You may want to consult a home security professional for help with preparing some security measures to use within your homes.
There are many good property management practices that you can follow as a property owner and we would love to share with you what we know. If you ever have questions about the best property management practices, be sure to contact ALH|Podland Rental Homes Property Management.