Posts Tagged ‘Tenants’

How To Deal With Angry Tenants

Wednesday, March 18th, 2009

shutterstock_21529882On the list of things most aggravating to a property manager, an angry tenant comes second, if not in a dead heat for first with lazy staff members. Tenants can sound angry about many things. The more quickly you can find out what they’re truly angry about, the faster you’ll be able to find a solution. Most tenants get angry for the following reasons:

  • Physical problems: Physical issues can be anything from leaky pipes to icy sidewalks or smelly garbage. Ask the angry individual to give you their story and as you are listening, think in terms of a doctor running down a checklist of symptoms. This is important because many people make a point to avoid complaning and the one person who makes a fuss is possibly presenting you with a way to serve all of your tenants in a better fashion.
  • Community problems: One of the rotten, or beautiful (depending on how you look at it) facts of life is that we will always encounter people we find distasteful. When you get a group of people living together, issues are bound to come up. How you respond to those complaints and concerns will make a huge difference in how well a problem is resolved. Make a point to listen to community complaints while making it obvious that you are not taking sides. As you build trust with your tenants, you’ll find that they solve more problems on their own and that when they do come to you, issues are resolved quickly.
  • Communication problems: At the basis of most anger is the overwhelming conviction on the part of the angry person that he or she is not being heard by others. If you want to develop your conflict resolution skills, it’s important to make an effort to truly hear what others are saying. If you are easily insulted or listen poorly, you’ll probably just cause more frustration and lose a tenant, or possibly your job. But if you take the time to discover the root cause of a complaint, pay attention to your community, and listen effectively, you’ll be well on your way to managing even the sourest tenant with a flourish.

Selecting Tenants

Thursday, July 31st, 2008

A Lot To Let
Creative Commons License photo credit: BinaryApe

It’s been said before and it will be said again but it bears repeating, choosing the right tenants is the most important job a landlord, property manager and property owner has. To make sure you’re getting the best tenants possible, you’re going to have to do a little work. (more…)

Landlord Foreclosure

Wednesday, July 30th, 2008

Sign Of The Times - Foreclosure
Creative Commons License photo credit: respres

The current real estate situation is causing some unexpected problems for renters. When landlords foreclose it leaves many tenants in the scary situation of not knowing whether they’ll have a place to live or if they’re going to be out on the street once the foreclosure happens.

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Dealing with a Tenant’s Association

Saturday, July 26th, 2008

DSC01857
Creative Commons License photo credit: llawliet

If you’re tenants have bonded together and formed a tenant’s association, all is not lost. Your first step as the landlord or the property owner is to take the position of being helpful to the association, don’t let them begin to draw battle lines, you want to try to stay on the same side of most issues. (more…)

Make Money in Student Housing

Monday, July 21st, 2008

decorating the backpack
Creative Commons License photo credit: blakespot

Yes, the days of the quick flip are probably gone for quite a while, but there is still money to be had in the real estate market. Rentals are gaining momentum again, but if you want a sure bet, go for the student market. (more…)

Are you Renting to Felons

Wednesday, July 16th, 2008

I N T E N S I T Y
Creative Commons License photo credit: A i t h n e

Are you an individual who has rental property? If so you are being targeted by felons as someone to rent from. The word on the street for convicted felons is that renting from a rental agency or a huge complex is nearly impossible because these agencies do a thorough job of checking out prospective tenants, meaning they do credit and background checks for every single applicant. But individuals have a reputation for not being as thorough. (more…)

Hoarders and Clutterers in your Property

Tuesday, July 15th, 2008

1408webster
Creative Commons License photo credit: A Touch of Glass

Do you have a tenant that pays their rent on time but is just a huge slob? Is their messiness causing problems for other tenants or creating a nuisance on your property. In extreme situations hoarding and cluttering can get out of control. We’ve all seen the newscasts with homes full of junk and even garbage and no one wants that person for a tenant. But if you already have that tenant you may have a hard time getting rid of them. (more…)

When to Sell or Rent Your Home

Tuesday, July 8th, 2008

Victorian House
Creative Commons License photo credit: roarofthefour

You’re thinking about a move but don’t know whether to sell your current property or to rent it. It’s a difficult decision for some as the thought of added income every month may be tempting but the idea of having to deal with tenants may be daunting. (more…)

No Self-Help for Bad Tenants

Sunday, July 6th, 2008

underbridge
Creative Commons License photo credit: mangpages

They haven’t paid rent in months and they’re breaking a couple other lease terms and even though you’ve asked them to leave, those problem tenants are still on your property. So, what do you do? You change the locks, right? Wrong! (more…)

Tips for New Property Managers

Saturday, July 5th, 2008

bruno taut, onkel toms h?tte, 1926-1932
Creative Commons License photo credit: seier+seier+seier

Are you a first time property manager? It’s a promising career and one you can make a small fortune at if you’re a good it. Follow the tips below and you’re certain to be a stronger, better property manager and happier with the job as well. (more…)