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Renting out property is a great way to earn income, but dealing with tenants can come with its fair share of challenges. One of the most annoying challenges of being a housing provider is handling needy tenants — those renters who are in constant contact with you regarding repairs, help or hand-holding. If you are a housing provider or in professional property management and end up renting to needy tenants, you may find the below tips useful. These strategies will keep the tenants at bay and ensure your experience renting to them is a pleasant and easy one.
If you have watched our other videos, you know that not properly screening tenants is one of the biggest mistakes housing providers make. Complete your due diligence and run a detailed credit and background check. More importantly, make sure you use the same process for every single applicant. If you don’t do that, you’ll find yourself in hot water.
While property management companies may cost you some money outright, they can ultimately save you money on repairs and the headache of having to communicate constantly with needy renters. If you’re a housing provider or rent out property, managing needy tenants can be tricky. However, by properly laying out the rules and guidelines of maintenance requests early, or by employing the help of a property management company, you can effectively handle tenants’ issues and make renting pleasant for all parties involved.