How To Be a Good Landlord: The 5 Top Qualities That You Need

how to be a good landlord

Do you need tips on how to be a good landlord? There are qualities that you need to establish a great landlord-tenant relationship.

Being a good landlord enables you to develop a positive reputation in your community. You’ll also face fewer legal issues and will have an easier time managing stressful situations.  

Here’s how to be a good landlord and to keep your tenants happy.

1. Organizational Skills

Are you in the habit of keeping everything organized for your tenants? You need exceptional organizational skills to be a good landlord. This quality helps you to effectively manage your rental property and to avoid tenant issues.

A tenant’s rental application, payments, and other documents should be properly filed and organized. 

Before renting your property, you should implement an organizational system for your business. You can also use a property management organizational online tool to keep all your documents in one convenient location. This is an alternative that you can consider if you don’t want to store piles of paper in your office.

2. Sense of Responsibility

You need to have a sense of responsibility to be an effective landlord. It’s easier for you to deal with a tenant’s problems when you’re responsive and reliable.

You could end up losing your tenants if you fail to respond to them on time. Once a tenant contacts you for help, you should reply to them within 24 hours or less. 

3. Strong Communication Skills

You can be a successful landlord if you have strong communication skills.

This is a special quality that allows you to get along with your tenants. This also makes it easier for you to address issues and to give your tenants important updates.

Good communication skills enable you to provide information and to be respectful to your tenants.

4. Flexibility for Tenants

How do you handle late rent payments from your tenants? You should consider being more flexible. 

Does your tenant have a history of paying their rent on time? If your tenant is unable to make one payment, you should be flexible and not be too quick to evict them.

A good landlord provides flexible rent payments that are convenient for tenants. When a tenant is having financial difficulties, you should be a compassionate landlord.

5. Professional Appearance

Do you have a dress code? You and your staff should always try to maintain a professional appearance. This is a way for you to take pride in your business and to make a good impression on your tenants.

Learn How to Be a Good Landlord Today

Learning how to be a good landlord makes the process easier for you to find tenants that are eager to rent your property. The good qualities that you develop make your business more successful and may help to provide you with long-term benefits.

Do you want to learn about working with a real estate agent that you can trust? If you have questions, please get in touch with us.

Finding the Right Security Team to Keep an Eye on Your Property

security team

Renting your property can be an excellent way to bring in extra cash. Investing in property management is a great idea, but it’s not without its problems.

It can be hard to keep your properties safe when you aren’t always around. That’s why you need a good security team to look after your assets for you. We’ll help you decide the right team for your needs.

Why Do You Need a Security Team?

It can be easy to think that a home security team isn’t necessary and try to save money by taking care of things yourself. This can be a costly mistake in the long run, unfortunately.

If there’s a break-in, you could be held responsible for any damage to the property depending on state laws. Rental properties are much more likely to fall victim to break-ins, and properties with no security system in place are exponentially more susceptible. 

How to Choose the Best Team

You will want to know what to look for in a security team. Not all companies provide the same level of security and choosing the wrong firm can be extremely problematic.

In order to avoid those problems, below are a few things to keep in mind as you’re searching for the best security team.

Word of Mouth

The first place you should start in your search is with friends and family. Ask the people you trust if they have any experience with security teams or home safety systems. 

If the people you’re closest to don’t have any ideas about this, you can always utilize the internet. Good companies should have plenty of great reviews and recommendations online from other property managers.

Know Your State’s Requirements

After you have a few companies in mind, familiarize yourself with the licensing requirements in your area. It’s crucial to find out whether or not the security team you’re considering is up to date on certifications and can pass the legal requirements to operate in your state.

Size of the Company

While it might initially seem like a good idea to go with smaller security companies, this can sometimes be a bad idea. You might think smaller companies would be able to give you more focused attention, but most of them lack the resources and time to properly train their staff. This could leave your property more vulnerable.

Questions to Ask

Before signing any contract, there are some questions you need the answers to. Ask whether their staff receives drug screening, background checks, or continued training. You should also find out if the company is bonded and insured.

Start Your Search

Finding the right security team to look after your properties is essential. Keep the above points in mind when you’re searching for the best home security systems, and you’ll be in good shape to protect your investments.

Are you looking to invest in real estate and get started making money with property management? Get ahold of us today to begin your journey and find the perfect places to invest in.

How to Find Tenants: What to Look For in an Application

find tenants

Did you know that there are over 114 million people currently renting in the US?

Having no tenants in your property can be a real issue due to loss of income. But, having bad tenants is far worse so it’s important to find the right people.

When you have great tenants who pay rent on time, keep the place tidy, and generally don’t cause a fuss, it makes life easy. That’s why you need to find tenants who do exactly that.

In this article, we’re going to share some tips on how to find the perfect tenants for your property.

Read on for more information.

Background Checks Are Key

Hopefully, this is something you’re already doing but if not, it’s a tactic you need to adopt.

In this day and age, it’s really easy to perform a background check and there are great tools out there to do it. Not only can you do a credit check on them, but you can also see their rental history. This gives you the chance to contact former landlords and ask about any issues they may have had.

A background check is the first thing you should do and will likely be enough to decide whether they suit your property.

Meet Them In Person

People can come across great over text messages or emails, but, if you really want to gauge who they are, then meet them first. This can be done by giving them a guided tour of the property.

Make sure the tour is in-depth and you take time at the end to have a decent chat. Try and get to know them and let them tell you why they’re a suitable tenant.

Speaking to people face to face makes it easier to find out who they are. You should be able to get a feeling rather quickly whether they’ll be a good fit or not.

You Should Look To Find a Long-Term Tenant

We don’t need to tell you that it’s more beneficial to look for a long-term tenant over short-term. Not only is it better financially, but it saves you starting this process all over again within months.

One way of gauging if they’ll be a long-term tenant is to look at their rental history. If they tend to stay in places a few years, then they’ll likely be ok.

When you meet them, ask about their job and any plans. You should also be honest and hope they’ll return the favor. If you want a tenant to stay at least 18 months, then mention it and analyze their reaction.

How To Find Tenants: Solved

We hope you have enjoyed reading our article and have learned a few new things on how to find tenants.

As you can see, there’s a variety of ways you can improve your tenant search. By adopting these strategies, you’ll hopefully find reliable, responsible tenants.

Looking to sell your property? Let us help by contacting us here.

3 Important Facts Landlords Need To Know About the Eviction Moratorium

eviction moratorium

We all know this: COVID-19 has not been easy on anyone.

From people fearing for their well-being to millions losing their jobs every single week, our country continues to reel from the impact of the virus. Many people cannot pay their rent or bills and fear losing their housing.

As a landlord, this tears you in two. 

On one hand, you don’t want to have to evict families who don’t have anywhere else to go. On the other, you’ve been hit hard as well. You can’t afford to have people not pay.

Earlier this month, the U.S. issued an eviction moratorium, saving millions from immediate eviction.

But what do you need to know about this?

Read on to learn more information on the eviction moratorium.

1. What Is the Eviction Moratorium?

The eviction moratorium puts a stop on the forced eviction of individuals and families from places they lease or rent.

Under it, landlords cannot evict their tenants unless they fail to qualify for the moratorium. In its write up of the moratorium, the Center for Disease Control and Prevention (CDC) said COVID-19 has put many Americans at a financial disadvantage.

It lasts from September 4th through December 31st, 2020.

2.To Whom the Eviction Moratorium Applies

The eviction moratorium may not apply to all of your tenants

In order to avoid eviction, your tenants must furnish you with a declaration made under penalty of perjury. The declaration should state the person attempted to pursue government assistance to pay for their housing.

They must also establish they made less than $99,000 in 2020 if they are an individual. If they file a joint tax return, the amount should be no more $198,000. Alternatively, they may prove they were not required to file a tax return. 

They can also state they obtained a stimulus check.

Also, they must establish they are unable to provide rent payment due to a loss of income or extraordinary medical costs.

Your tenant must also provide you with partial payments, paying as much of the rent as possible given their current circumstances.

In addition, the individual or family must have no other available housing options.

3. Why It Was Created

Why did the CDC issue the moratorium?

It boils down to disease prevention.

COVID-19 is an airborne virus that passes between people with ease. This is especially true if people are out and about or going into areas where they will be in close proximity to others.

Throughout the year, health officials and various members of the U.S. government have recommended social distancing. For many people, this has meant staying in their homes for as much as possible and taking precautions when going out.

When people are evicted, staying home is no longer an option. They need to move and come into contact with a real estate agent in order to get a new home.

As such, the CDC feared evictions would further COVID-19 spread.

Need to Contact a Real Estate Agent?

Despite the eviction moratorium, many people have still been forced to move during COVID-19. 

Perhaps they didn’t qualify under the moratorium or they accepted a job offer in another location. Either way, they find themselves suddenly in need of new housing.

If this sounds like you, don’t hesitate! Find a real estate agent with us today!

A Simple Rental Cleaning Checklist for Property Managers

rental cleaning

In 2019, 44 million U.S. households rented their homes. For property managers, that’s a lot of cleaning and preparation before the new tenant moves in.

Once you’ve screened your tenant and everything is all clear, the next step is rental cleaning and making sure everything is in working order before moving.

Here is our simple rental cleaning checklist:  

Kitchen

From grease and grime to hidden breadcrumbs, the kitchen is the most used room in a home and can quickly become one of the filthiest. 

  • Use soap and water to wash the cabinets inside and out. Clean every corner and hard to reach areas. You don’t want to miss crumbs and attract pests. 
  • Scrub counters, backsplash, sink, and tables. Use bleach and water or a sanitizing cleaner to disinfect surfaces. Make sure the cleaner is safe to use with that specific surface material. 
  • Clean behind and under the stove and refrigerator. Wipe down the top of the fridge. 
  • Wipe down the exterior of the dishwasher and run a few cycles. Clean any other appliances inside and out. 
  • Run ice through the disposal to sharpen the blades and to make sure there are no blockages. 
  • Lastly, sweep and mop the floor. 

Bathroom

This is another room that needs a little bit of elbow grease. This entire room needs a deep clean.

  • Put toilet bowl cleaner in the toilet and let it sit. Scrub the inside of the bowl with a toilet brush. 
  • Run hot water in the tub and sink for one minute. Pour 1/2 cup baking soda and 1/2 cup white vinegar. Let it bubble and sit for 5 minutes and run hot water again to clear debris out of the drains. 
  • Spray and sanitize the toilet, sink, fixtures, tub, and shower walls. Use a separate cloth for the toilet and discard it after use. 
  • Wipe down the cabinets and drawers. 
  • Wash the mirror and shower doors.
  • Wash the walls and door with soap and water. 
  • Dust the trim and bathroom hardware. 
  • Sweep and mop the floor.  

Bedroom & Living Spaces 

Cleaning the bedrooms, living room, and hallways won’t be as labor-intensive as the bathroom and kitchen. This involves some basic cleaning and dusting.

  • Dust the baseboards, door trim, and window sills. Don’t forget the ceiling fans and light fixtures too.  
  • Sanitize and wipe doorknobs, handles, outlet covers, and switch plates. 
  • Remove any stains or discoloration from the walls.
  • Sweep hardwood floors and use a carpet cleaner to do a deep clean on the carpets. 
  • Check all outlets and light switches. Replace any bulbs that need changing and check batteries in smoke detectors. 

Maintenance

It’s not considered cleaning but general maintenance needs to be done before a new tenant moves into their house or apartment. Check the interior and exterior for anything that needs some light maintenance.    

Interior

Here is a short maintenance checklist for inside the house or apartment unit: 

  • Check water, gas, and electric to see if everything is functioning properly. 
  • Make sure all appliances are functioning as they should. 
  • Check your heating and cooling units. Schedule routine maintenance for these devices as well. 

Exterior 

Curb appeal is important! Make sure the exterior is maintained and attractive to potential renters. 

  • Make sure the lawn is mowed, weeds are pulled, and bushes are trimmed.
  • Sweep the steps, walkway, and driveway.
  • Clean out the gutters and check the roof for any damage. 

Did You Follow the Rental Cleaning Checklist?

The property is ready for rental if you followed this rental cleaning checklist. Make it look it’s best between tenants. 

Contact eFind Agent to find an agent to help you get the most out of your property.