4 rental administration ideas for 2022


95



Did you know that 80 percent property managers have to perform or manage building maintenance in addition to collecting rent? It can be an overwhelming amount of work for anyone.

How to increase the value of real estate


Having all of this to do for tenants can make it harder to deliver quality tenant services, but there are some tips that can help you have a better year in 2022. Let’s see the top tips that can make property management easier and better for tenants.


1. Rental Property Management: Track Maintenance

The longer you ignore maintenance, the worse the problems get in the building. A problem that could have been minor can grow and become more expensive and complex to treat.

Remember to carry out regular maintenance checks. It might take a bit of time, but it ensures that you catch any potential issues before they escalate. You’ll save money and time in the long run.

2. Listen to tenants

Once you have tenants in your rental properties, you need to make sure that you keep them happy so that they renew their lease in the future. It is something that requires communication. Property managers have a responsibility to respond promptly to messages from tenants.

If a tenant submits a maintenance request, you want to respond to it within 24 hours. Not only will you retain your tenants, but you will ensure that you have a good reputation with future tenants.

3. Rent to tenants with pets

If you rent to tenants with pets, you will expand your customer base. People with pets generally have a harder time finding places to rent, so you can make your property much more appealing by making this possible for them.

To be able to do this in a way that allows you to enjoy it as well, you can charge a pet fee on top of the regular rent. If the pet causes property damage, you can use this pet fee to make the necessary repairs.

4. Write a lease

Without writing to rent, which lets tenants know exactly what to expect and what is expected of them, tenants can behave as they see fit. They need to know what the consequences are of not paying rent, for example.

In the written lease, you want to address rent, occupancy limits, repairs, maintenance, deposits, and anything else you need them to know.

Have a better year

Rental management is a complex process but one that can be rewarding. You can give people places they can call home and earn a tidy sum doing it. With tips like drafting a lease, tracking maintenance, and more, you can make sure you keep your tenants happy and make your job a little easier, too.

To learn more about property management, visit our Real Estate page!


Like it? Share with your friends!

95