Do you manage your own home in Santa Clarita, CA? Are you thinking of renting out your home in Santa Clarita, CA? Below are a few tips that can lessen the stress in the landlord/tenant relationship.
- Screen your renters properly. This is number one for a reason. If you rent your home to the wrong person, nothing will fix it.
- Make sure the home looks great BEFORE you put it up for rent. The better the home looks, the better the odds are that the renters will take good care of it. We have seen this proven time and time again. A good way to make sure it looks good is to leave the house, drive around the block, and pretend you are a potential renter looking to rent it. Be as objective as possible, remember, you are going to live here, and so are your kids. Make an exhaustive list, and then you can sit and look at the list later and decide what to do.
- Enforce the lease early and consistently. It is similar to parenting. You have to "train" your renters. If you don't enforce the lease, it can cause turmoil in the relationship down the road.
- Take good care of the tenants. "If you scratch my back" really applies here. Birthday, anniversary, holiday cards. A wal-mart gift card at the beginning of December. Be creative. Also, make the repairs. Nothing makes a tenant want to move faster than a landlord who 1) refuses to do repairs 2) is slow in doing repairs.
Owning rental property has many, many benefits. Don't let the naysayers talk you out of it. If you do it correctly, you can became very wealthy over time.
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