Maintaining A Successful Tenancy

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Maintaining A Successful Tenancy

BAD TENANTS LOVE DIY LANDLORDS

Placing your property for rent in Adelaide as a 'do-it-yourself' landlord via the local newspaper or online may net you a lot of phone calls from tenants who do not like to deal with agents.

There are plenty of tenants that know full well it's easier to deal with a private landlord who lacks experience and is unlikely to undertake in-depth reference checks or screening.

That is mostly why these types of tenancies have a much higher failure rate than if a professional property manager managed the rental.

 

Maintaining A Successful Tenancy urgent repairs

URGENT REPAIRS

Urgent repairs are a hot topic, meaning one thing to a tenant and another to a property investor.
The definition of urgent or emergency repairs is set out in legislation which mandates what constitutes an emergency repair and who is responsible for arranging and paying for the repair.
They are defined broadly as a repair that affects a tenant's standard of living or safety, such as a blocked toilet; dangerous electrical fault; damages caused by storm, flood or fire; the failure of essential services; and or the issue is life-threatening.

Referring an emergency repair to a qualified property manager ensures quick assessment, based upon The Act, they will report it immediately to the landlord for approval of the repair by a licenced contractor.

By electing professional property managers like Waterman Property Management, you take the hassle out of maintaining your housing investment.

 

TIPS ON HAVING LONG TERM TENANTS IN PLACE

You can help to maintain good relations with your tenants by following these useful tips.

It's crucial to show and rent your property out at the busiest time of the year.  It can allow you to achieve higher rent fees while providing you with a large pool of potential tenants, which will help to make a higher ratio of long term tenants for your rental property. 

Question the potential tenants during the application process;  it will assist you in establishing which candidates are likely to stay long term while discovering their past rental history. 

Maintaining a friendly relationship with tenants throughout their tenancy will also help to maintain tenants long term. Managing the relationship can be simple; doing things such as consistently maintaining and improving the rental property and providing the tenants with small gifts during the Christmas and Easter periods all help to foster good relations.

If that all sounds too much, why not let the professionals do it for you, one call to Waterman Property Management will have you on your way.

For the best property managers in Adelaide call us now on 08 8231 5407