The Dos and Don’ts of Being a Landlord: A Complete Guide

Pluxa Partners

March 13, 2024

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Key takeaways:

  • A complete guide on the basic responsibilities of a landlord with in-depth details regarding the dos and don’ts.
  • Associate with professional property management service providers who can help you streamline your property management process.

Building a successful rental business can be overwhelming for a lot of landlords.

Why?

Whether you are a new landlord or an experienced landlord, you must be aware of the basic responsibilities of a landlord, which can help you with your success.

You must maintain a solid landlord–tenant relationship and ace your property management aspects with finesse.

With multiple criteria in place, sometimes it can be difficult to keep a check on the dos and don’ts of being a landlord.

So, let’s simplify things and get more clarity.

Dos of Being a Landlord

Knowing how to behave as a landlord can benefit you in the long run and ensure you can streamline your rental property management with finesse. 

1. Screen tenants

You must set up a proper screening process involving credit and background checks to ensure your tenants are in the habit of paying bills on time. 

Some of the landlords have strict rules and don’t accept a tenant with eviction or late payments on their credit report history. But others give a second chance to some tenants by checking other factors. 

However, once you set a screening process in place, you should apply the same rules while hiring each tenant to avoid discrimination complaints.

2. Remain professional

As a landlord, it’s important to provide a sense of responsibility among your tenants toward your property. A serious approach towards your rental business can influence this. 

Before you begin accepting rental applications you must establish a dedicated office space. Choose a business telephone line to maintain a separation between your personal and professional life. It can ensure that prospective tenants reach a business-oriented contact number. 

You can also be polite and respectful to prospective tenants, both before and after they enter into a lease. Such professionalism enhances your reputation and increases the likelihood of attracting and retaining responsible tenants.

3. You can outsource

Once you become a landlord, you can realize it isn’t as easy as it may seem. But the good news is that you don’t have to micromanage all aspects. 

So, how to ensure there are no hiccups in the property management process?

That’s where professional property management can help you manage your properties while you explore the benefits of owning a rental property. But if you want to have hands-on experience and manage your units, you can outsource a few specific aspects, such as maintenance and landscaping, among others. 

Now that you have understood the dos, let’s explore the don’ts.

Don’ts of Being a Landlord

Once you follow the dos, there are some additional factors you must avoid to bypass future hassles with your property management. 

1. Don’t rent your friends or family

If you want to do business with your friends and family, you must think twice because it rarely ends well. The people close to you can expect an extension on the rent or even to pay less than other tenants.

As you have started the business to make profits, you shouldn’t rent to people who are likely to cost you money.

2. Don’t make tenants your friends

You must know the difference between being friendly and being friends. Being friendly can help you gain the respect of your tenants, but ensure you don’t add favoritism to your treatment. 

Maintain the same friendliness with all your tenants, which can help you keep a thin line between being friendly and being friends with your tenants. 

3. Don’t try to initiate repairs if you are not qualified to do

As an owner, you must keep your property safe and livable. Your tenants may face multiple repairs and maintenance, which you must resolve. However, doing repairs on your own is not a cost-effective way to handle maintenance. 

Your knowledge of plumbing may only be limited to using a plunger to pull out a minor clog. So, you must hire a professional who can help you resolve the issue quickly and avoid further complications. 

Therefore, you must connect with professionals who can do basic apartment maintenance, such as appliance repair, drywall work, plumbing, minor roof repairs, and HVAC maintenance.

4. Don’t invest all of your time

Being a landlord, if you follow all the basic parameters of property management, you can achieve positive cash flow. You can use the extra money to take your time off and enjoy yourself. 

Your tenants won’t miss you if you take a week or two off in a month. Ideally, your tenants only need to see you when they need repairs or when they want to sign a new lease. 

But if you don’t want to worry during your time off, you can hire a professional property management company to take care of your property. 

That’s where you can trust Pluxa Partners.

How Can Pluxa Partners Assist You?

Pluxa Partners can assist you by offering comprehensive property management services that handle various aspects of managing your apartment. 

It includes marketing your property to find the right tenants and conducting thorough guest screening to ensure reliable occupants. We also take care of maintenance issues to keep the property in top condition. 

By listing your serviced apartment with Pluxa Partners, you can experience hassle-free property management, which allows you to enjoy the benefits of owning a rental property without the day-to-day responsibilities.

FAQs

What not to say to a landlord?

It’s important to maintain professional and respectful communication with your landlord. Avoid saying anything that could be seen as confrontational or disrespectful or which undermines your agreement.

For instance, don’t make unreasonable demands, complain about minor issues as if they are major, or make statements that suggest you’re not following the terms of your lease.

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