Empowering Tenants – Part Two
Last time we brought up the issue of tenants making improvements to property and yet causing damage. So how do you get the tenants to feel a sense of pride and take care of the property without damaging the property? Founder/Managing Partner Lamar Hunt Jr. feels he has found a good balance. The first line of defense is the lease agreement. It should say that no changes can be made to the property without written approval from the landlord. That clause coupled with regular inspections of the property should stop any unauthorized changes. The next thing a landlord can do is discuss with the tenant that you are not against making improvements to the property especially the landscaping and outside items you just need to be informed and give permission. Many tenants will not have the time, money or desire to consider making improvements. However there is a level of tenants that really do want to take care and improve the property. Once you find those tenants, keeping them in your rentals and happy is job one because they pay rent on time, take care of the property and stay for a long time. All of these are great for a landlord. On the next installment, we will talk about what changes these tenants like to make. For more advice on other rental property issues, see our blog at http://lorettoproperties.com/. You can also call us at 913-236-2902 if you have a property to sell.