Whether you rent out one unit or 10,000, your reputation as a landlord is everything. If too many of your tenants have bad things to say about you, that will hurt your ability to attract future tenants, which puts your business in jeopardy.
But the opposite – good word spreading about you – can help you attract good future tenants. You can get a good reputation even by just doing a few simple things for your tenant that don’t require too much effort:
Be Helpful
There are a lot of things you can do to be a helpful landlord. If you have a tenant who has recently moved in from another area, help get them situated. Tell them where they can find local grocery stores, pharmacies, restaurants, and other important establishments. Give them any local advice they made need such as tips about the traffic and weather. Another simple way to make things easier on a new tenant is to have the bathroom stocked with toilet paper and hand soap. These may be things they’ve overlooked in the moving process, and they’ll be appreciative you were looking out for them.
Be Open and Accessible
One way to avoid problems in the future is to go over the terms of a lease with a new tenant. That way you’re both on the same page. It’s also important to be accessible in case of an emergency or an issue that needs to be dealt with. Tenants will appreciate having minor issues such as a leaky faucet or a plumbing issue handled in a timely manner. But that can only be achieved if you can be easily reached.
Hire a Property Manager
If the number of units you’re renting out continues to grow over the years, you’re eventually not going to be able to handle them all yourself. That’s where a property manager comes in. They can do basically anything you need – vet tenants, collect rent, handle maintenance issues, advertise available units, and more.
If you’re in need of a property manager to make your rental unit more appealing, AMG Property Management can help. We’re a family-owned business that has more than three decades of experience in renting and managing properties in the greater Indianapolis area. Give us a call at 317-252-5830 to learn more about our services.
