Managing rental properties well takes a lot of time and energy. Learn how to improve your skills as a landlord and how to finance future rentals with Arizona Rental Property Loans.
For renters, one of the most important elements of a property is the landlord in charge of it. People want to rent from landlords that are reliable and friendly, since there will be a ton of interaction with them for the duration of the lease.
With that in mind, it’s important to be the kind of landlord people will be happy to rent from. Taking steps to make yourself accessible and easy to work with will go far in the eyes of your current and future tenants and are worth your time. Whether you’re a present landlord or planning to become one, these tips can help you update your rental management skills and gain you more business.
1. Use digital payment options
In this modern world, technology is making many parts of life more streamlined and easier to handle. Using online payment options for rent and utilities can be very helpful for not only your tenants, but you as well. Electronic payments using programs like Venmo, Cozy, PayPal, and Avail can save tenants the bother of mailing checks or going to the bank, and you’ll get your money faster.
2. Communicate with your tenants
If tenants have an issue, it’s helpful for them to be able to easily contact you. Give them your business or cell phone number and be sure to get back to them as soon as you can. Building a positive relationship with your tenants can make interactions smoother and make them more likely to renew their lease.
3. Make repairs quickly
This goes back to the relationship element. Making repairs quickly shows you care about them, their comfort, and their safety. Building a good landlord-tenant relationship is very helpful in the long run and making fast repairs will make a good impression. When a tenant asks for a repair, put it in action right away, whether that be fitting it into your schedule or calling someone to fix it.
4. Give your tenants space
Boundaries are important. Give your tenants the privacy they deserve by letting them know when you plan on stopping by and knocking before you enter, even if you have a key. Giving them space and privacy will help them trust you more as a landlord and better your relationship with your tenants.
5. Market your rentals strategically
If you’re looking for renters, it’s essential to market and market well. Take quality photographs and spend some money to advertise your property to potential renters online. The more people that see your property, the more that may be interested in renting it.
6. Finance your rentals with Arizona Rental Property Loans
Not yet a landlord, but want to become one? Try funding your first property with Arizona Rental Property Loans. Offered by many Arizona Hard Money Lenders, Arizona Rental Property Loans can help you hit the ground running as a landlord by financing your property purchase. Arizona Hard Money Loans like these are easier and faster to get than bank loans and they’re definitely worth looking into.
Treat Your Tenants How You’d Want To be Treated
Every landlord tip comes back to this: treat them as you’d like to be treated yourself. Give your tenants kindness, and you’ll get kindness in return. Work to foster a good relationship with your tenants and your life will be a lot easier.
Become a better landlord by taking the time to follow these steps.
These tips are easy ways to help you out and make your job easier. Each step, if followed, will only make your tenants happier, and hopefully encourage them to give you good reviews as a landlord.
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.