Are you just getting started with investing in properties in Detroit or elsewhere in the United States? If so, like any new investor you may be managing one or more of your investment properties yourself, that’s why in this article will share with you several tips that you can use so that you will not fail as a property manager.
Tip #1 – Always Set Standards And Follow Them
The first and most important tip that we have for you is that you should always set standards as a owner / property manager and follow them.
This is especially true when it comes to tenant screening, you should never deviate from your standards when it comes to screen a tenant because failure to stick with your standards when it comes to tenant screening could potentially cause you tens of thousands of dollars in costly repairs due to damage that the tenant made to your rental property.
Tip #2 – Give Your Tenants Multiple Ways To Contact You
Another important tip that we have for you is that you should always give your tenants multiple ways to stay in contact with you. This is easy to do in 2018-2019 because everyone has a mobile phone and on that mobile phone we are able to text, call, chat, or video call each other so you should give your tenants your most preferred way for them to contact you so that they are able to reach you for issues regarding your rental property regardless if it’s at night or on the weekend.
Tip #3 – Keep Your Word
Last of all, the most important tip that we have for you that you can use to ensure that you will not fail as a property manager is to always keep your word. This is especially true if you make a promise to your tenants regarding maintenance or repairs to the rental property, you should always be willing to go the extra mile to back up your promises to your tenants because, if you fail to keep your promise or your word, you will lose the trust that you’ve established with them and they will be less inclined to want to renew their lease with you when it comes up for renewal.
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