A landlord’s guide to keeping the peace

Any landlord who’s had their property awhile knows there is plenty that can go wrong with an investment property.

Managing the upkeep is one thing, but managing tenants and their relationship with the neighbours. This can be tricky at the best of times

Barking dogs, strong smells, rubbish dumpers, renovators, loud music and noisy shift workers are among the most common complaints from tenants.

One of the major factor’s that can lead to conflict is because the owner, who wants to make as much money as they can from their investment property, and then you’ve got the tenant who wants to make a home and they can be diametrically opposed. Then you’ve got a property manager they are in the middle, but in the end it also comes back to the owner to sort out the problem.

So why do you ask do you need a property manager, well you don’t. With technology in this day and age, you have other options such as online property management software like RealRentawhich does or can arrange any and everything that a property manager does for you.

It Seems many landlords forget that a property needs to be clean and tidy when it’s on the rental market. You need to look at the property and think, would I be happy to live here?

You should never shirk on maintaining the property, but you don’t necessarily have to do every little thing a tenant asks if it’s unreasonable.

for example, if there’s a scratch on the wall, it doesn’t mean you have to urgently repaint.

You need to explain to the tenant that there are certain things that you may not have to do and that’s where you can lean back on the legislation.

But when you can it is always better off for you to keep your tenants as happy as you can, as it will help keep a long-term tenant, and dodge the costs of finding new renters.

There’s a costs when re-letting the property, the cost of having the property vacant and wear and tear when people move in and out.

One of the main problems encountered when Tenants move out is settling the bond, differing views over what is ware & tear and what is a repair the tenant is responsible for.

Things like this can be easily prevented by having a good enter condition report, which should provide a solution to any disputes at the end of the tenancy.

As for maintenance, something a landlord might consider a minor problem can really aggravate a tenant. Try to avoid making your tenants aggravated over minor maintenance delays by getting any repairs done as soon as possible.

Jason Gwerder
Friday, 16 September 2016

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