‘How to be a good landlord?’ That’s a question which many first-time property owners, and even some seasoned ones, frequently ask us. Being a landlord is much more than simply renting out your place and collecting the monthly rent.
A good landlord is someone who prioritizes the comfort and safety of their tenant and successfully develops a mutual bond of trust and respect. Such people are good communicators, offer prompt maintenance services, respect tenant boundaries, and also help tenants with any concerns in the neighborhood.
Over the years, we have identified a few ways that can enable you to be a good landlord for your Dayton rental.
1. Maintain a Professional Approach
As a rental property owner, it is essential to be extremely professional while dealing with your renters. Ensure that you stick to your core values and have a firm stand while resolving issues. Know all housing laws and respect the rights of your tenants, to minimize conflict in the long run. Be fair but firm. While a friendly attitude can help you bond with your renters, make sure that you set professional boundaries.
2. Adhere To the Terms of The Lease
If you adhere to the terms of the lease, it encourages your tenants to do the same. Stick to the promised number of inspections, respond to tenant requests, collect the security deposit as mentioned in the lease agreement, and maintain a fixed due date for rent collection. Good landlords are defined by their disciplined and law-abiding approach to tenant management.
3. Be Available for Your Dayton Tenants
One of the primary responsibilities of being a Dayton landlord is responding to tenant requests as soon as possible. If renters find it hard to reach the landlord once the lease is signed, the landlord’s availability becomes a concern and they end up not renewing the lease. In order to be a good landlord, you need to be committed to your role and take the necessary time to help your tenants with whatever they need. Make sure that your tenant can easily get a hold of you if they want to raise any repair concerns. Share your email, phone, and other contact information so they can reach out to you easily.
Tenants usually feel more at ease when they know that they can get in touch with you whenever they need. They also tend to trust you more when you maintain transparency in your actions. It will help reduce miscommunication and avoid potential conflicts.
4. Respect the Privacy of Your Dayton Tenants
Although you own rental property, you need to respect the tenant’s boundaries and privacy and cannot barge into the place whenever you feel like it. Privacy is of utmost importance to everyone and you need to be mindful of this when you drop by the property. Provide the renter with a 24 hours’ notice, as required by Ohio law, notifying them of the purpose and time of your visit. This is required for inspecting the unit and conducting repairs as well.
5. Select Good Tenants for Your Dayton Rental
A landlord-tenant relationship is a two-way street. A good tenant is an asset for a good landlord and it is easier to willingly do your duties when you have an equal amount of support and enthusiasm from your tenants. However, to find these great tenants, you need to conduct a thorough screening process and select the right applicants from the crowd.
There are many other traits of a good landlord. Although these qualities may differ with every property owner, ensuring the renter’s satisfaction is the chief priority of a good Dayton landlord. At ManCo Property Services, we can assist you in becoming a great one, with the help of our team of experts and our decades of experience.
Plus, we shoulder most of your responsibilities, like tenant screening, rent collection, repairs and maintenance, timely inspections, and so on, to ensure that your rental experience is pleasant and hassle-free.
For more information regarding Dayton property management, reach out to us at ManCo Property Services.