It is important to attract and keep great tenants when you own investment
property. A good way to begin a positive tenant/landlord relationship is
with clear communication about what you expect from your tenants and what
they can expect from you.
The written lease agreement spells out the legal obligations of each party.
The landlord must ensure that the property is habitable and complies with
local codes, and the tenant must pay the rent in a timely manner and not
damage the property. Make sure that the terms of the agreement are stated
clearly in straightforward language.
Let the tenants know of your commitment to keep the property in good repair
and of your desire to know about maintenance problems before they become
serious. When it's time for the tenants to move, offer to provide a
reference letter if they need one. This is a nice way to say "thank you" to
them for having maintained the property during the terms of their lease.
Good communication can help you to maintain the quality of your investment.
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