Are you a Perfect Landlord?

Are you a Perfect Landlord?

Follow these 5 to be

Being a perfect landlord is not a degree that you can earn from any college or university, but is an art of communicating and understanding your tenant. A polite word may bring you a decent tenant, but at the same time, being too generous can also lead you to multiple problems. Various things are taken into consideration when you start looking for a right tenant for your property. A property just doesn't bring great revenue to you, but also creates an impression of you in the society as a landlord and brings respect.

Well, if you desire to be a perfect landlord, take a close look on the below listed points. We are sure that there is lots to do, but then it's not that difficult as you think to be.

1. Screen your tenant:

Make sure to screen your tenant. This is an important step towards finding a right tenant. You must screen in order to do a background check of the tenant.

2. Do not discriminate:

Do not bring any discrimination among the tenants.The property laws make it illegal to discriminate tenants on the basis of race, color, religion, disability or family status.

3. Document:

Make sure to get the legal documentation of the property at the right place. It's always better to maintain documentation of any proceedings that you do in terms of renting your property.

4. Figure the right tent:

This is an important aspect of being a landlord. You must figure the right rent prevailing in the market instead of quoting whatever you want you. Remember, every tenant does a home work and identifies the rent prevailing in the market for the property he is willing to rent. So, think before you quote rent.

5. Have an enforceable lease:

Make sure you have an air tight lease that sets the terms and conditions for your tenant.