As a property owner, you’re always on the lookout for good tenants who will stay for a long time. However, it’s not unheard of for property managers to make silly mistakes that lead them to lose their tenant. Following are four ways through which you can easily lose your tenants.
Good tenants will need good neighbors. But property managers may sometimes find bad tenants too, and if these bad tenants are constantly bothering the good ones, you may lose them. Bad neighbors are those that ignore decent living including lease rules. A good tenant can get angry if they are surrounded by such people and as a result may opt to move out of your property.
Ignoring their Requests
Some property owners do not take instant action when their tenants make certain requests. Whether it is a water problem or garbage disposal concerns, attending to the needs of your tenants can help keep them around.
One of the most common concerns among tenants is the lack of proper parking facilities. If parking space has been included in his or her lease, make sure that it is not given to anybody else regardless of whether or not the tenant is using the space.
Hazardous situations like unfenced drop offs and electrical problems can add to the worries of your tenant. As a property manager, you are expected to conduct regular checks to ensure that all the amenities in your property are well maintained or you risk losing your good tenants.
Oftentimes, natural disasters uproot ongoing lives in cities and raise havoc in heavily populated areas. Whether you have recently experienced a flood, tsunami, earthquake, landslide, or hurricane there are many steps landlords and tenants can take to handle the damage. Here is what you should know about handling property damage caused by natural disasters.
Common Scenarios Between Tenants and Landlords
After experiencing a natural disaster with varying effects and damage on property, four general scenarios may arise between tenants and landlords. The first scenario includes both parties wishing to cancel the agreement for rental occupation. The second scenario involves the landlord wishing the tenants to vacate the property but the latter opposing the move. The third scenario is when both the landlord and tenant wish to stay in the property and the fourth includes the landlords wishing the tenant to continue occupying the property but the latter wishing otherwise.
How Should Landlords Approach Tenants?
If both the landlord and tenant are in agreement, the contracts and repair services are relatively simple. Mutual agreements between the tenant and landlord, whether choosing to stay or move out, should be solidified with a written contract. However, if the landlord wants the tenant to relocate, they must provide them with a 30-day notice. They can also provide a 60-day no cause notice if the tenants have occupied the property for over a year. It is important to note that landlords cannot charge their tenants for any damage caused by the natural disaster. However, they can charge for expenses of damage that are not related to the natural disaster.