Being a landlord is not an easy feat. However, there are steps to take that ensure you will be taken seriously, professionally, and have a smooth relationship with your tenant(s).

Manage your Property Professionally

This includes creating a lease that is specific to the needs of you and your property and maintaining clear communication between you and your tenant(s). Make sure payments are made on time, repairs are taken care of promptly on your end, and the property is being properly maintained by the tenant(s). If you need property maintenance services in Crown Point, IN, Real Property Management has your back. During Covid-19, you are required to sanitize your unit before showings, wear masks and gloves, and only have one couple/person in your unit at a time.

 

Strict Screening Process

As a landlord, you want a tenant who will take care of your property as their own, is on time with payments and makes enough money to pay rent regardless. Typically, landlords follow the “3x per rent” rule. This means, landlords typically want a tenant who is paid 3x the amount of their rent. You will also want to know of rental history, any evictions, and if the tenant owns any pets.

Follow Your State Laws

Make sure you are abiding by equal opportunity laws. Discrimination will get you nowhere and can lead to bad relationships with potential tenants. Learn about your state’s fair housing laws to be sure you are abiding.