There are about 20.5 million individual landlords in the United States managing properties.
With so many people, how are you supposed to know which landlord is going to stand by you and be helpful? Or, if you are a landlord yourself, how do you know exactly how to deal with property maintenance and property management?
As a landlord, the most important thing is that you avoid these common property maintenance errors. Ready to find out what they are? Keep reading!
1. Not Being Proactive
As a landlord, there are always going to be things that come up with your tenants. There may be a broken toilet or someone may find mold on a wall. In these moments, you will need to be reactive to fix the issues.
However, to prevent issues from arising in the first place, it is important to be proactive as a landlord. It is your responsibility to visit the property every once in a while to check it out to ensure that there is no rental property damage or anything that needs to be fixed.
You should do a rental property inspection every few months. This could be as simple as a drive-by to see if there are any problems with the exterior of the home.
However, you also want to check out the plumbing, windows inside, mechanical systems, and more inside the house. Failing to inspect the house on a regular basis can lead to a lot of issues.
2. Failing to Communicate with Tenants
As a landlord, it is your job to communicate with the tenants who are staying on your property. You want them to feel as if they can come to you if something goes wrong, but you also want them to respect you so that they respect the property.
3. Skimping on the Lease
While you may think that getting someone to sign a lease means that you have more income and tenants on your property, if you do not have a strong lease, you may end up running into issues down the line.
A lease should set clear guidelines for every single thing you expect from your tenants.
4. Not Holding Your Tenants Accountable
You may be afraid to hold your tenants accountable if something happens because you are afraid of losing them. However, you have to think that if you do not hold them accountable, it will be harder to get future tenants to rent your property. This is something that you want to avoid.
Common Property Maintenance Errors
Now that you know the common property maintenance errors to avoid as a landlord, you will be good to go with renting out your property. However, if you feel that having help managing will make your life easier, you always have that option.
If you are ready, you can reach out to us today with any questions that you may still have about the process.