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Managing a property and a tenant relationship may be a fairly straightforward matter for some property owners. Some may take cues from their time as renters and copy a few methods that they liked while observing landlords and implement solutions to those they disliked. It doesn’t always turn out well as there are some areas where many landlords are prone to make errors.
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First among these is that many property owners tend to forget treating the management of the property as a business. As a result, some may see the necessary paperwork as a hassle and would prefer just verbal agreements with tenants. Without written documentation, it will be hard to resolve disputes so it is better to plan ahead and make sure that the stipulations for property use are properly recorded. Issuing receipts, meanwhile, is useful for tax records and making sure that all payments are up to date.
Another mistake that landlords tend to make is accessing the property without consent from the tenant. While they own the property, they must never forget that they agreed to rent it out to someone else. So, for the duration of the contract, landlords must remember to always respect the tenant’s privacy and that they have to gain permission to enter and inspect the property.
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Finally, landlords must make it a point to give out their contact information to their tenants. This is to make tenants feel secure in knowing that the property owner is available to deal with any problems with the property that may arise. It is understandable that some property owners may also be juggling managing their property with their work so it may be better for them to rely on a property management services provider.
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