Almost 11 million Americans make an income from rental properties. That means these 11 million Americans are landlords.
If you are a landlord or thinking of becoming one, you need to know how to be a good landlord. The reason is that you need to stand out from the other millions of Americans who are also landlords.
So how do you stand out? What landlord qualities should you have? Keep reading to find out!
Help the Tenant
One of the easiest ways to be a good landlord is to help the tenant get used to the property as well as the area around them.
If they are renting, you should put together a list of things around the area that includes restaurants, hikes, outdoor activities, cool things to do, wineries and breweries, kid-friendly activities, the best grocery stores and cafes, and whatever else you think they may want to know.
Giving them tips about the area will make them feel welcome.
Always Remain Calm
When becoming a landlord, you may deal with some frustrating things on a daily basis.
However, the most important thing you can do when this happens is to remain calm. When you remain calm, your tenants will see that you are helpful and want to help solve problems!
Instead of going behind your back or being afraid of you, they will openly discuss issues with you.
Be Available
One of the top landlord qualities to have is being available and flexible with your time.
At the end of the day, you are working with other people who also have things going on. If they are not available at certain times, you will have to adapt your schedule to cater to them at some points.
While you don't need to be available 24/7, be sure not to limit your hours to be too unreasonable.
Offer Online Services
Gone are the days when rent payments are processed through checks. Instead, more and more people want to be able to pay online through Paypal, a credit card, direct withdrawal from their account, or Apple pay.
With more options like this, tenants may be happier with you as their landlord which may keep them around for a longer time. That means you'll have rent coming in for a longer period of time as well!
How to Be a Good Landlord
Although it may seem like common sense for how to be a good landlord, when you get caught up in the daily grind, it can be easy to let these things go to the wayside.
However, it is important to be available, offer online services, and remain calm in situations. If you want to go above and beyond, offer help when your tenants don't ask so they become more comfortable!
If you are interested in property management services in the Miami area, contact us at the Home River Group today!
