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Tips For Landlords: How To Prevent Problems With Tenants

Author : Kirsten Hendrich

Renting out a property can be stressful to say the least, and finding the perfect tenant can be a difficult task, however there are a few simple steps that you should take in order to prevent potential problems from arising, and make your job a whole lot easier.

First and foremost, you must rustle up a written tenancy agreement. You may think that having a written agreement goes without saying; however, it is still apparent that some landlords take on a more informal approach. It is important to have the signatures secure to prevent any disagreements in the future, where it can become your word against theirs.

Another simple procedure is to create a detailed inventory. It is important to take the time to be thorough with this as you don't want to deal with complaints from tenants regarding physical problems with the property. Giving new tenants an inventory to check through will protect you from possible complaints from the tenant if any damage is caused to the property. In addition to this, you may choose to take photographs of the rooms and nooks and crannies of the property to ensure you have visual evidence of the conditions of the rooms so if a problem does occur, you have photos to revert back to.

It seems like an obvious point to make, but being cautious when choosing prospective tenants is important. It is vital that you do your research and find out information about the individuals previous residency information. Some landlords shy away from completing this task as it takes time and many may regard it as unnecessary; however, the majority of tenants will expect you check the references they provide anyway. You should also carry out credit checks on the tenants in question as well as doing bankruptcy searches, as well as check something simple such as proof of identity. Carrying out these procedures is important, in order for you to be completely aware and comfortable with the people you will be renting your property to. You may also decide to require a reference from their current landlord if they are already renting a property.

After your tenants have moved in, it is advised that you carry out regular inspections during the length of their tenancy to ensure you are kept up to date on the condition of your property. Some landlords refrain from doing this because it causes too much hassle but organising a five minute inspection doesn't take much, plus then you will have the ease of knowing the state of your property.

Finally, one of the most important aspects of being a landlord is to make sure you have a good relationship with your tenants. Good communication is imperative during a tenancy as a small problem could be dealt with quick and easy as opposed to letting it grow and becoming more costly. Furthermore, simply being polite and allowing yourself to be more available will ensure a happier relationship between yourself and your tenants.

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Tags:   property, advice, landlords, tennants

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Submitted : 2011-02-03    Word Count : 1    Times Viewed: 238