Problems landlords face and how to tackle them before the tenant moves in
>> Mar 10, 2016
If you are planning to become a landlord soon, you would
know how managing and owning a property is such a hard work also how stressful
it tends to become in no time. All types of problems are likely to happen,
taking up a majority of your time, peace of mind, effort and energy, and
possibly make you pray that you had never entered the world of being a
landlord. And God help you if you have a villa on offer in the market, with size
as big as a villa the magnitude of problems and the frequency of it occurring
increases too.
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So, before you start your journey of worrying, here are some things that every rental villa holder should do to lower the stress and help lower
the chances of having problems. They might not take away all your issues, but most
probably they will be totally worth the time to do once and continue. But
remember to do this all before the tenant moves in.
Before we start, with the life hacks, here is something that
you should know. Many of the issues are also locality based. For example, maintaining
your house
for lease in Chennai would require a lot less efforts than your villa in some
developing city, because of the two reasons–the need to maintain the image of
being India’s most accommodating city and the availability of manpower and complex
repair tools in real time.
Put your villa in
good shape
Properties, which are in a clean shape, are usually preserved
better by the tenants. Everybody wants to reside in a clean, nice place, in
your case, in a place that looks straight out of a magazine. The renters would possibly
take a good care of your villa if you have given them a neat house to live in.
Try to do all the work as and when you purchase the villa,
while it is still unoccupied — doing upgrades while you have your tenant living
inside can be animmense pain for every party. Invest in items like room paints, new
flooring, window coverings, appliances, and landscaping. They
might be expensive initially, but most probably you will love yourself for doing
this investment now so as to avoid the chances of spending more in name of décor
maintenance down the time.
Change the plumbing fittings
and valves soon
A water issue is the one problem that is present in every
house of India, in every single property, around the nation.These one causes
the most harm and one of the biggest time-consuming problems to solve. In case
your supply lines, plumbing valves, washer/dryer hoses, faucets, or toilets has
not been touched in years, then it is probably a good time to see to it. Always
ensure that the main water shut-off valve of your villa is working — and that the
tenants have the idea of where that is.
Again, all these measures can count to be very costly, but
as a matter of fact,you are saving yourself from a major investment that might
go into solving a drought that was once a leak.
Be attentive in fixing
defective items
This goes for both before and after your tenant has moved
in. With a property as big as a villa, the numbers of items that can go
defective over time are many. So be sure to make a checklist of items that are
functioning and those that might need your attention, before the tenant comes
in.
For when they move in – in case something breaks, try to
solve the issue quickly. Clearly gas, water, or electric issues would require
attention sooner and problems like broken appliances would take time to get resolved,
but the faster the retort the healthier the landlord-tenant relation. At times it
can get hard to answer to the non-emergency issues in a practical manner, however
do your best to correct the issue.
These suggestions are not quick or easy, and you might not succeed
at implementing them every time. But when you work hard to keep the issues at
bay, it would make your tenant’s life much easier while saving a lot of your
money for the future.
Currently associated with 99acres.com, Tripti writes on real
estate market and trends, both national and global. With a professional expertise in introducing readers to how real estate
market functions, she strives to keep her readers updated with every what's
what of the turbulent market. Apart from writing what keeps her going is petting dogs, and a thick
chocolate milk shake.Get to know
more about real estate market and trends follow G+.
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