There are many great things about being a landlord, however there is also a pretty much equal level of responsibilities involved in being one. The first thing you have to keep in mind is that you’ll need to do your best to keep your residents as happy as possible at all times. This will not only help in building a relationship between you, but it will also make the process of collecting rent and solving issues involved in keeping them in your property much easier to deal with. The following tips are simple, yet they are often forgotten in lieu of keeping a tight control over things.

Let’s begin with the first one on the list:

• Make sure you do your best to be there for them when they need you. If they don’t contact you about a certain problem you can be nice enough to help them solve it instead.

• When you’re setting the rent you should keep in mind you need to be as fair as possible. If you have a premium and great-looking property that goes above the usual market value of the area it would be alright to have higher rent. Avoid overcharging your residents as they will either leave or resent you for it, which would in turn create more issues.

• You should reward accurate and on-time payments done by your residents by giving them something small from time to time. This would certainly warm things up between you and you’ll benefit from it in turn as they will do whatever they can to avoid inconveniencing you.

• Learn what you can about your residents through innocent conversation so you can relate to them in time. There are small things about our lives that matter to each of us. Keeping that connection alive and making sure you’re there for them will go a long way.

• Make sure you’re there for your residents and that they can contact you at all times if they need to. If you happen to miss any of their calls of e-mails you should make sure you contact them as soon as possible as whatever they want to share might be very important and in need of immediate attention.

• Discuss the possible options with them when it comes to upgrades to the home they’re living in. In some cases you’ll be able to find ways to accommodate both your needs and the ones of your residents so you’ll be able to work things out together. Make sure both you and the residents benefit from the situation for maximum results.

• If you can’t do the actual management of your properties by yourself, then you should do your best to find a good property manager. They will cover most of what needs to be done, but they will also need to be experienced and level-headed to get the job done right. Make sure you pick the right person for the position.

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