Being a commercial landlord goes way beyond owning an investment property and renting it out to tenants. There are things that can make you an excellent landlord and aid in your success.
Here are six things great landlords excel at:
1. A... (Read More)
While you may be a landlord because you're motivated by the income opportunity, you can't approach the tenant relationship as such. The relational aspect of renting a property can't be overstated. You need to treat it as more than a business... (Read More)
We all know that volunteerism and HOAs go hand-in-hand. Who would sit on the board or manage all of the events without wonderful volunteers?
Volunteers help the association run smoothly. They're valued assets.
That's why when it comes time to... (Read More)
Are you struggling with high turnover or low occupancy in your rental units? Your strategy (or lack thereof) may be to blame. Your marketing should be active, not passive. Hint: a basic "for rent" sign won't do. Following are effective and creative... (Read More)
Showing tenant appreciation isn't just good for the tenants, it's also good for the landlord. By letting tenants know how grateful you are for them, it can improve their satisfaction and your retention rates. And, we know better retention rates are... (Read More)
Effective communication is key to establishing a healthy tenant-landlord relationship. Misunderstandings often happen in our personal and professional lives. When things aren't clearly spelled out, they're left up to interpretation, which can result... (Read More)
Being a landlord is no small undertaking. Many critical tasks come along with the job. Some landlords, especially those who are new to the role, may not realize the breadth and depth of the work. And oversights can lead to serious legal issues in... (Read More)
Searching for the right tenant is a process. You need to start the search with an excellent and accurate listing. It should have clear, high-quality imagery. It should include the amenities and specifics of the property. The right rental price... (Read More)
We all need reminders sometimes. It's no different for tenants. You can help tenants out, enhance communication between the two of you, increase on-time rental payments and improve property maintenance by sending out helpful reminders.
Have you... (Read More)
As a landlord, you know the job description is never the same. It's unlike a 9 to 5, where you clock in and clock out. It's a responsibility that changes day by day. Some days, things go well and you may not have to do much. Other days, you feel... (Read More)