How to be a good landlord and create an excellent relationship with your tenants is a question that an increasing number of Vallisoletanos are facing.
There is a demand for rental spaces, either from newcomers or from people who work on the Mayan Train
For this reason, more and more people are renting their houses, apartments, warehouses or offices. If you are wondering how to be a good landlord, you have come to the right place!
If you are considering moving to Valladolid or you are a newcomer, be sure to read our blog on how to move to Valladolid and not die trying.
How to be a good landlord and create an excellent relationship with your tenants
This question does not have a single answer. As in all human relationships, the relationship between landlord and tenant varies from person to person.
In some cases, relationships can be formed effortlessly, while in other cases, it seems that the two parties simply cannot reach agreements.
However, there are some things you can do to build and maintain a healthy relationship with your tenant.
How to be a good landlord: Communicate your vision and values
It is essential that the owner clearly communicate his vision and values to the residents. If your space is a house, think about the kind of person you would like to occupy it.
When looking for the tenant, be clear if it is not the same to rent to a family than to a group of workers or students. Be selective, it will save you headaches.
How to be a good landlord: set expectations in advance
Always maintain open communication and set proper expectations in advance and in writing when dealing with tenants.
Have a list of your expectations, avoid using vague phrases like “I want you to keep the apartment clean”. It is better to take the time to make a list of what you expect: the sidewalk must be clean, the garbage bags are placed in such a place, etc.
Likewise, the list can include observations about visits, parties, use of parking spaces, etc.
Make sure you have a meeting with the tenant and set these expectations in a clear and responsive way. We recommend reading this article on assertive communication.
Communicate frequently
Communicate regularly with your tenant to learn about their concerns. This helps to understand what the tenant’s needs may be and work together, rather than choosing to leave.
This also gives the owner the opportunity to find solutions to problems before they become a problem with the property.
Use different communication channels
Use multiple channels to communicate important information. Landlords often rely on mail or electronic messaging to communicate with their tenants.
These notices are easily overlooked, leading to unpleasant surprises. Taking the time to call or visit in person, in addition to providing written notice, always creates a positive relationship.
Visit the property regularly
Visit the property regularly. In-person interaction is in short supply these days and you will often see something to help you better manage the property. Taking this point into account will greatly help you to know how to be a good landlord and create an excellent relationship with your tenants.
Being aware of the concerns of the occupants and solving any problems or doubts helps to create a better relationship.
Treat tenants like your customers
Follow the golden rule: Tenants are your customers first. If you don’t take care of your customers, someone else will. When you treat people with respect, you build trust!
Remember that your tenants are people
Remember that your tenants are people, not just income that comes in from month to month. Sometimes it’s easy to forget that behind the numbers are real people with their own stories, lives, and dreams.
By viewing your tenants through that human lens, you will make compassionate and fair decisions that will benefit both of you.
So now you know how to be a good landlord and create an excellent relationship with your tenants.