Common Tenant Issues and How to Handle Them

Section 8 renterAs a landlord, you want the best tenants for your properties: people who pay rent on time every month, won’t give your property a bad reputation in the surrounding community, and are clean and courteous neighbors. Being a good landlord means listening to your tenants’ complaints and concerns and responding to common tenant issues appropriately. At times, knowing the right way to respond to an issue can be tough. Read on for advice for some of the most common issues landlords face with tenants.

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    Protect Yourself As a Landlord.  As with most jobs, a landlord’s job is not complete until the paperwork is done. A landlord needs to protect himself with all sorts of documents. The days of renting a home on just a handshake are long gone. Instead, in today’s tenant-friendly states, you need proof of everything. That being said,…
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August September Rental Cash Flow

rentI apologize for not getting this rental cash flow post up sooner.  I was away in Marco Island Florida looking at potential investment properties and doing some planning for the future of the Corporation.  As always, it is great to be back home.  As winter starts to set in, I think about how cold it will eventually be.

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Protect Yourself As a Landlord With These 6 Crucial Documents

Landlord formsProtect Yourself As a Landlord.  As with most jobs, a landlord’s job is not complete until the paperwork is done. A landlord needs to protect himself with all sorts of documents. The days of renting a home on just a handshake are long gone. Instead, in today’s tenant-friendly states, you need proof of everything. That being said, great tenants do not need any documentation, nor do great landlords. Both sides know what is expected, and both sides perform as you would expect them to – with or without paperwork. The documentation is to protect us (and them) from the unruly behaviors that the ‘other’ guys might have.

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  • 63
    By Jennifer Riner of Zillow New landlord-tenant relationships can initially be awkward. As with any business relationship, it’s important to be aware of professional boundaries, yet act friendly and polite in day-to-day conversation. To best connect with new tenants, consider the following four relationship-building tips. 1. Know Landlord Duties Landlords are obliged to provide safe…
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  • 54
    As a landlord, you want the best tenants for your properties: people who pay rent on time every month, won't give your property a bad reputation in the surrounding community, and are clean and courteous neighbors. Being a good landlord means listening to your tenants’ complaints and concerns and responding to common tenant issues appropriately.…
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4 Steps Toward Good Landlord-Tenant Relationships

By Jennifer Riner of Zillow

Apartment complexNew landlord-tenant relationships can initially be awkward. As with any business relationship, it’s important to be aware of professional boundaries, yet act friendly and polite in day-to-day conversation.

To best connect with new tenants, consider the following four relationship-building tips.

Continue reading

Related Posts

  • 63
    Protect Yourself As a Landlord.  As with most jobs, a landlord’s job is not complete until the paperwork is done. A landlord needs to protect himself with all sorts of documents. The days of renting a home on just a handshake are long gone. Instead, in today’s tenant-friendly states, you need proof of everything. That being said,…
    Tags: landlord, landlords, tenants, successful, property
  • 61
    As a landlord, you want the best tenants for your properties: people who pay rent on time every month, won't give your property a bad reputation in the surrounding community, and are clean and courteous neighbors. Being a good landlord means listening to your tenants’ complaints and concerns and responding to common tenant issues appropriately.…
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Are You Still Struggling to find Great Tenants? Struggle No More!

finding tenantsAs an owner/manager of 25 units, I am always on the hunt for quality tenants.  In 2014 alone, I have found and approved ten tenants for my units already.  There is no reason to struggle to find great tenants.

All with minimal or no vacancy.  It is about ten more than I like, but sometimes people have to move.  It is well above my average of about six.  Four were tenants I approved without ever seeing them.  My former tenants have gone on to buy homes, get job transfers, move into larger places, go to graduate or med school, move closer to their new job across town, and other legitimate reasons.

Only two of my tenants that left were what I considered weak links, and I was glad to see them go.  When a tenant moves a few blocks away, to a similar place, it was likely a mistake on your part that caused it.  I am not counting my long-term Section 8 tenant that I just got rid of, as that is a story in and of itself…

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Why I asked My Section 8 Tenant to Leave

Section 8 renterI asked my Section 8 tenant to leave recently.  In reality, I did not ask her, I demanded she leave by 7/31/2014.  This was a tenant that has been with me since 2007, over seven years.  Well before I started getting into my 4-plexes and adding a significant amount of rental property to my portfolio.  The reasons were many…

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How to Approve Tenants Without Meeting Them

How-to-Approve-Tenants-Without-Meeting-ThemI screen hundreds of renters every year for an apartment complex.

I see lots of background checks.  I am going to show you how to approve tenants without ever meeting them.  I have approved hundreds of renters without ever seeing them.  Are you still stuck on seeing and meeting renters?  Give it up, it is not necessary.  I cleaned up a 120 unit apartment complex by creating criteria that keeps most bad tenants out, without ever even seeing a tenant.

Read the rest of the article here

A few other articles that I have written for BiggerPockets, that you might want to read are here

How to Get Higher Rents, the Hard Way!

Where is the Housing Market Headed?

Multifamily Landlords Are Better Than Single Family Landlords

The 7 Dirty Truths about Landlording (Like it or Not!)

My Air Conditioner Does Not Work.  Help!

air conditioner does not workMy tenant called me on Saturday to let me know that her air conditioner does not work.  It was humid, the temperature was in the 80’s, and she had a new baby less than a couple of weeks old.  As a landlord, you have the choice of being a phone call taker, or not.  You have the choice of doing the repair or not.  As always, it helps to know a few things, about a few things, so you can make the proper decisions…

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How to Get Higher Rents, the Hard Way!

How-to-get-Higher-Rents-the-Hard-WayI recently wrote a post over at Bigger Pockets about how to get higher rents.  Many landlords think they are getting a great deal when they have a tenant that wants to move in right away.  If you have a risky tenant, you need to get a higher rent.

This is a great post about why you get a lesser tenant when you raise the price of rent.

Economic theory states that as prices go up, demand decreases.

If you are like most landlords or property managers, you are always looking for the highest rents, after all, no one I know shoots for the lowest rents.

But there comes an amount where the rent exceeds the value of the property.  Once that happens, you would think that you would not be able to find a renter.  This is not the case.

Economic theory states that as prices go up, demand decreases.  This is true.  If you do not believe it, cut your rent prices in half and see what happens.  You will have people lined up around the block to take your rental.

Read the rest of the post here

I paid off My Mortgage!!

Payoff Mortgage

Courtesy
MortgageCalculator.org

I paid off my mortgage.  I am not talking about my personal residence; I am talking about one of my rentals.  Why would anyone want to pay off a mortgage on a rental?  After all, the interest rate is tax deductible, and everyone knows mortgage debt on a rental is ‘good debt’.  Maximize it for all you can, leverage, leverage, leverage to the moon!

Here is why you should pay off your mortgages, even if it is on a rental.

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