Are you a property owner in Maryland? Looking forward to finding out and keep hold of good tenants in your rental houses in Maryland? If yes then you must know the art of figuring out the right tenants and maintaining the positive tenant relations. If you maintain good tenant relations then you can yield better revenue from your rental houses. If you fail to find out quality tenants or don’t know the best ways to screen the tenants then it may result in poor or imperfect tenants. Being a responsible property owner, you should not make a big oversight of not thoroughly screening the tenants before they move in your rental houses. There are certain tips through which you can maintain positive tenant relations and keep hold of them for a longer period. In this article, I am providing 5 great tips for accomplishing your goal.
5 Tips for fostering a positive relationship with your tenants
1. Screen tenants thoroughly
Every property owner wants to obtain a quality tenant in their rental houses. The foremost thing you need to do to increase the profitability of owning a rental home in Maryland is obtaining a quality tenant. And, maintaining the tenant relations indispensable. You cannot expect better profitability from your rental houses if you fail to obtain a reliable occupant. This is absolutely necessary to screen prospective leaseholders comprehensively before they enter into your homes. And the reason is that there will be relatively fewer tensions by obtaining quality tenants. More often than not, they are thoughtful and supportive in nature. They almost always help landlords keep the property well-maintained and cared for. On the other side of the fence, poor tenants are nagging persons mostly. They will often neglect or even create problems that cause costly servicing, renovations, and repairs of your property. They will, time and time again, complain about every little thing such as minor leakage from the tap that they might fix easily in seconds. So, it is imperative to make a thorough research of prospective tenants so that you can indeed obtain quality leaseholders and have peace of mind. When screening renters you should check their background, credit score, past rental history.
2. Keep your property well-maintained
You must know that quality tenants always prefer to live in a rental house that is well-maintained and precisely prepared. They may not choose a home that is not well-maintained and neatly cleaned. And for this reason, you need to be a responsible property owner. You must pay attention to regular maintenance and repairs to yield good tenant relations. Additionally, you should act fast with repair requests made by your tenants. Another benefit of regular property maintenance is it will also encourage your tenants to do their part to care for the property. So, make sure to keep your rental property well-maintained and do regular maintenance without being requested.
3. Maintain a log
Maintaining a record of everything is a good habit always. As a property owner, you need to maintain a record of every request and/or interaction you have with your tenant. A smart landlord always keeps a record of everything, especially the condition of their rental properties. One of the reasons is that it also helps in maintaining a positive tenant relationship. So, you too need to be a smart property owner. You need to cultivate the habit of maintaining a log of everything that is associated with your rental property and tenant. Keep accurate records of things like rent roll, maintenance bills, rent collection receipts, tenant requests & complaints. Keeping payment records may also help you in budgeting for expenses and accounting for rental income. Additionally, it will be easier for your accountant during tax time. If you have accurate records of everything then it will be also beneficial in case of any dispute with tenants.
4. Be communicative and responsive
Communication plays a vital role in the landlord and tenant relationship. No matter, if you are managing the property on your own or hired a property management firm in Maryland for the purpose, the line of communication should be open for tenants. It is recommended that you should establish a protocol for communication. Let your tenants know the best way to contact – email, message or phone. Let them know who they should contact in an emergency. Additionally, you should also be responsive. Ask your tenants regularly how things are going and resolve the issues without delay. Keep in mind, tenants hold a landlord in high regard who is communicative and responsive. Delay action about tenant requests for any issue or maintenance may affect the landlord and tenant relationships.
5. Take care of tenant’s security and respect their privacy
Tenants are keen to live in a rental home where they feel safe. And hence, taking care of their security and privacy is imperative. This will also benefit your relationship with them and lower the likelihood of litigation. So, you must exercise reasonable care to take proper security measures. Additionally, you should respect the privacy of tenants and should never talk about their personal details with outsiders. Don’t make intrusive visits to tenants. If it is required to visit your property then you must inform them well in advance.
The bottom line
The aforementioned tips might help you in fostering a positive and good tenant relationship. Managing your rental property, obtaining quality tenants and ensuring regular property maintenance will take a lot of your time and effort. But you can get free from these obligations by hiring a reliable property management company in Maryland. A good company of property management in Baltimore will take care of all your relocation requirements and make you tension-free. They will manage your property on behalf of you and do all the tasks that you may need to do.