Los Angeles Property Management

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Los Angeles Property Management has heard, often, some renters see the landlord or manager as the bad guy.

They have to deliver news about a rent increase, to explaining why tenants won’t be receiving their security deposit back.

This can feel like delivering not so good news, this is only half of the job.

You have to have a good landlord and tenant relationship, feel free to find better ways to delivering news to your renters.

Los Angeles Property Management Breakdown Common Mistakes

Three Mistakes To Avoid:

1. Telling The Applicant They Were Not Selected

Los Angeles Property Management say that it’s important to know how to deny a rental applicant.

You have to be considerate and empathetic when denying an application.

You also have to be aware of important legal matters when informing an applicant.

Be sure to fully research all requirements in your state before telling the applicant anything.

Remember that a currently unqualified applicant could be a potential customer in the future.

This tends to happen more often with young renters who don’t have any credit history, be aware of your attitude and tone when denying an applicant.

2. Blindsiding The Tenant By Raising Rent

Los Angeles Property Management has learned that raising rent is a reality that you cannot ignore for an investment to exult.

Tax inflations and maintenance costs add up, any savvy investor knows that they must pass those additional costs onto tenants.

Although, you can find ways to mitigate shock and headaches for tenants, by facing an increase in their monthly rent.

First, it’s vital to inform your tenants why the raise will happen, provide a reason that ensures the tenant that they are valued.

Don’t do it in one big jump, raise rent by a small percentage each year.

3. Closing The Pool For Maintenance

Los Angeles Property Management doesn’t underestimate a tenants love for the amenities.

Be prepared for some negative feedback when you announce that a certain amenity will be closed for maintenance.

To lessen tenant distress, be sure to plan ahead.

Make sure to tell your tenants with enough lead time so they don’t get shocked by some sudden news.

For the latest in Los Angeles Real Estate and Los Angeles Property Management news, trends, and tools, make sure to stay connected with our blog at: http://tgnpropertymanagement.com/blog/

Posted by: tgnprop on October 27, 2017
Posted in: Uncategorized