Chase's Tips for Landlords
1 – Maintenance = Investment
A well maintained rental property will grow your property’s capital value, and will put you in the best position to secure great tenants. There is nothing more frustrating for a property manager than having a landlord who refuses to do the maintenance required on a rental property.
2 – Professionals do it best.
Having a professional property manager manage your investment makes that same logical sense as employing an accountant to conduct your business accounts. It’s the best way to ensure you don’t get stung for failing to meet your obligations under the Residential Tenancies Act, and that you are best supported if a tenant does take legal action against you.
3 – Use a detailed written tenancy agreement.
A thorough written tenancy agreement is a crucial part of a successful relationship between a landlord and tenant. An professional property manager from Chase will have the experience and knowledge to make sure this agreement is documented correctly, giving you peace of mind.
4 – Know and understand property rental law.
Property managers have experience and understanding of the Residential Tenancies Act 1986 and its various amendments. Their knowledge of the Tenancies Act will protect your investment and save you from a potentially long and expensive legal battle.
5 – Relationships and negotiation.
The team at Chase Property Management understand that how you treat your tenants is paramount to your success as a landlord. Your tenants are one of the biggest sources of income from your rental property, without them your investment will stand empty more than it should. Unfortunately some tenants do break the law, if this does happen you will need to be firm and fair to negotiate the best win-win situation.
6 - Prepare your rental property to be at its best.
The best way to ensure the new tenant leaves the property in a good condition when they leave is to have it spotless when they begin their tenancy. Your tenants should not have to do anything except move in. Do not get caught out by your new tenant offering to clean your property when they take occupation, they will more than likely leave it dirty when they move out.
7 – Understand both you and your tenant’s responsibilities.
The Residential Tenancies Act 1986 contains the information you need to know what you are responsible for, and what your tenant needs to do. A professional property manager such as Chase has an in-depth knowledge of and experience with the Act, and how it can potentially affect your and your investment.
An important consideration to note is that according to the Residential Tenancies Act 1986 landlords must appoint an agent if you are out of the county for more than 21 working days.