It's unfortunate, but 43% of American tenants hate their landlords. In some cases, they've actively done something to garner hate, such as secretly filming their tenants or screaming at them. In others, the landlords are slow to react, or don't react at all.
Regardless, both action and inaction can make you a bad landlord. This might make property management daunting, but the truth is, as long as you put in an honest effort, renters will appreciate you.
Read on to see how to be a good landlord in El Paso, TX.
Keep Your Property Well-Maintained
Inspect your property on a regular basis to see if it needs maintenance or repairs. Addressing issues quickly is vital if you want to make sure it stays in good condition.
Not only will this prevent costly future repairs, but it'll also show your commitment to providing a safe and comfortable living environment for your tenants. Both current and prospective renters will take note of this.
Respect Tenant Privacy
There's nothing worse than a landlord who barges in unannounced. Plus, Texas law says that you can't enter your tenant's unit unless you have permission (except in emergencies and other special circumstances).
Make sure you respect your renters' privacy by providing notice before you go for inspections and repairs.
Handle Repair Requests Promptly
Your renters' quality of life is of the utmost importance, so you need to handle repair requests in a timely fashion. You should attend to urgent repairs immediately to ensure both their quality of life and safety aren't impacted.
It can be useful to establish a system for your tenants to report maintenance issues conveniently. For example, an online portal for maintenance requests is handy.
Be Proactive With Rent Collection
Be clear about expectations for rent payment, as well as due dates and late fees. These things should be outlined in the lease agreement.
Use a reliable rent collection system, such as the online portal we mentioned earlier. If your tenants are lay in paying rent, follow up promptly, but in a professional manner.
Handle Disputes Professionally
It's almost inevitable that disputes will arise between you and your renters. To be a successful landlord, handle these conflicts calmly and professionally. Don't raise your voice, become violent, or do anything else that can be construed as aggressive.
If necessary, use negotiation or mediation to get productive resolutions to disputes. Show that you're trying for win-win outcomes, and your tenants will work with you, not against.
Know How to Be a Good Landlord
Becoming a landlord isn't easy, although if you go about it in the right way, it can be lucrative. When you know how to be a good landlord, you'll attract more renters and decrease turnover.
So make sure your tenants know you're on their side. Show them your positive landlord qualities, and everyone can live in harmony.
If you need help managing your property in El Paso, get in touch with us today.