ONGOING PROPERTY MANAGEMENT
Once you’ve successfully landed your first tenant, it’s not over. In fact, it’s really just the beginning! Here are a few areas that you’ll need to cover:
Respond to tenant and neighbor complaints quickly.
If your tenant complains, address those complaints. If the complaints are legitimate, then deal with them and resolve them as quickly as possible. Maybe the tenant has a complaint about something on your property that needs to be fixed, maybe they can’t figure out how something works, or maybe they have a complaint with a neighbor. Whatever it is, hear them out and address them, as necessary. If a neighbor complains to you about the property, you need to see if it’s a legitimate issue and try to resolve it with the neighbor, and quickly — before they contact the HOA or code enforcement. If a neighbor does file an HOA or code enforcement complaint, you need to deal with this immediately. These associations can fine you thousands of dollars for a tenant who is causing issues and lead to neighborhood complaints. Maybe the complaint isn’t legit, or maybe it is, but according to the terms of your lease, your tenant is the one responsible. Regardless, get this taken care of as soon as possible. Contact your attorney and look into local bylaws to ensure compliance.
Keep up with maintenance, and handle all repairs right away.
Make sure the property is well-maintained and that any and all repairs are handled. The important thing to remember here is to address and fix property damage issues as quickly as possible as
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