5 Tips and Tricks That Make Your Life as a Landlord Easier

Being a landlord isn’t always simple. From finding the ideal tenants to investing in the right areas for maintenance, the role can quickly become challenging and time-consuming. Fortunately, there’s no shortage of tips and tricks that can help make your life easier.

Whether you’re a newbie landlord looking to get up to speed or an experienced operator that feels they’re not working as effectively as possible, these five pointers can help make your life as a landlord more convenient and more profitable.

1. Conduct routine inspection

One of the worst things a landlord can do is leave too much time between inspections. While you might trust your tenants to alert you about major issues, if they ignore or don’t notice a problem, it could cost a fortune to fix it later. With landlords allowed to inspect a property once every four weeks in Adelaide, use these opportunities to ensure everything is in tip-top shape.

2. Get to know reliable tradespeople

You’ll have to complete maintenance on your property no matter what. If you’re keen to remain a landlord long-term, establishing relationships with reliable local tradespeople can be highly beneficial. This way, if you need to get something fixed fast, you don’t have to gamble on an unknown factor that risks poor-quality work and an expensive bill.

3. Invest in appropriate maintenance

While it’s tempting to keep your costs as low as possible when operating as a landlord, using band-aid solutions for major concerns is bound to cost you more in the long run. If you discover your property has a serious issue, there’s a good chance it’s in your best interest to get the job done properly from the start, even if it costs you more upfront.

4. Don’t drive away good tenants

Earning stellar rental income is crucial, but it isn’t the only factor to consider when choosing your tenants. If you know the current occupant always pays the rent on time, keeps the place clean and is easy to communicate with, it might be preferential to keep them rather than increase the rent and risk attracting tenants that cause more issues.

5. Hire an expert property manager

If you don’t have the time or skills to work effectively as a landlord, hiring an experienced property manager to handle the job for you is the right move. Rather than stressing about chasing up tenants all the time, property managers navigate these relationships and take care of any issues while keeping you in the loop.

Speak to the experts

Get in touch with the experts at InStyle Property Management to get the latest information about your property and the surrounding rental market. Our highly experienced team helps landlords and tenants make the best move for their future.