Managing a property in Westchester as a landlord is challenging, and you must ensure that you rent your property to good tenants who pay on time and do not damage anything in the house. Fortunately, some effective property management tips will make the job easier for you and your tenants.
Interview tenants: As a landlord, it is very important to screen people before renting your house. Ask them relevant questions to determine if they will pay rent on time, keep the property in good condition, and maintain a good rapport with other tenants.
The screening will help determine if the people you rent your property to are responsible and reliable. Make sure your tenants are easy-going and compatible with other property residents.
Hire someone: Managing a property can be very time-consuming and daunting at times. Several tedious administrative tasks take a lot of time. Consider outsourcing these tasks to a professional general contractor in Westchester. This may look like an unnecessary expense at first, but it ultimately saves you time by taking care of your primary responsibilities.
Ask for feedback: Keep in touch with your tenants to make sure they don’t face any issues on your property. Consider keeping a suggestion box in your property that allows tenants to provide anonymous feedback regarding the property. Address the most common complaints immediately to ensure that you provide your tenants with a desirable environment.
Regular inspection: Make sure you perform periodic inspections of the property. It is recommended you hire a professional property inspector to do the job as you may need help to catch everything that needs attention in the property. Furthermore, providing your tenants with rental agreements and leases is best to set clear expectations, rights, and responsibilities and avoid any confusion later.
Common problems for property managers
Here is a list of the most common problems that property managers generally face:
Managing packages: With the rise of eCommerce platforms, the way people shop has wholly changed, which sometimes, if not monitored properly, leads to issues like parcel theft and storage issues in build-to-rent communities.
Managing screening of tenants: While it is tempting to accept the rental application of just about anyone who shows up and wants to sign your rental agreement, it is important you screen all your rental applications thoroughly to ensure that the tenants are prompt in paying the monthly rent and are suitable to the existing residents.
Rent payments: Keeping a check if all the tenants are paying their rent regularly and on time can be quite a hassle for a property owner. This can be made more accessible by automating the paying and collecting of rent, allowing the property manager to track rents easily and thus reduce time.
Access to amenity spaces: After the COVID outbreak, many properties now require a reservation to use common areas such as a gym, swimming pool, etc. The tracking of reservations of common rooms can also be very time-consuming and can be made easier via software that can automate these redundant tasks.
