Everyone wants to have the borrowing power to buy a house or to invest in real estate. But, it is common for most people to rent a house or flat for some time before being able to consider property investment.
And if you have to rent a flat, you’ll also have to interact with the person who owns or manages the property.
Having a great landlord can have a lot of awesome benefits. In this article, we’ll tell you the importance of finding a good landlord and give you tips on identifying a great renter.
Why Does Having a Great Landlord Matter?
Despite the fact that having a great landlord seems like a commodity, you should always try to find a renter you get along with. For example, if you have an emergency and you’re late on the rent, a great landlord with understand if it happens once.
If your landlord is not very understanding, they can report your late payment and affect your credit. This can affect your borrowing power calculator results negatively and reduce your chances of buying a house in the future.
If you have a bad landlord, the answer to the question “how much can I borrow for my future house?” may be lower than expected!
Signs You Have an Awesome Landlord
There are many tell-tale signs you’ve got a great landlord. Remember that some of these may not be apparent right away, so you may be pleasantly surprised when you see your renter’s good side.
Just remember that you also have responsibilities, so always do your best to return the favour and be a great tenant.
Some of the sign you have a great landlord include:
Returns Your Calls Promptly
We’ve all heard or experience the classic scenario. There is a heating, plumbing, or electricity issue and the landlord is nowhere to be found. What’s worse, you can’t get them to return your calls, reply to your messages, or even shoot you back an email.
A great landlord returns calls or any other form of contact promptly, especially when it is something they can address right away.
Is Patient With Your Complaints
There are many aspects of living in a house or neighbourhood that you don’t really find out until you’ve actually spent a few nights there. And, chances are you’ll take up some of the setbacks with your landlord, even if you know there’s not much that can be done.
A good renter will at least listen and note your complaints so they can potentially bring it up with the local authorities or consider making improvements on the house.
Doesn’t Sound or Feel Pushy
This is especially true if you haven’t moved in yet. If you’re just viewing options, stick to the renter who isn’t pushy and lets you wonder naturally throughout the house. They should be able to answer your questions without requesting some form of commitment on your behalf.
Understands Difficult Situations
Emergencies can lead to costly repairs or late payments, so having a great landlord can help lessen some of the burdens that come with these unfortunate events. Great renters will be willing to take up damages with their home insurance and let one late payment slide.
Addresses Repairs Quickly and Effectively
In addition to communicating and acknowledging any issues, your renter should also address them promptly. Next-day repairs work best, but you should be satisfied as long as you get a repair person within a few days of telling your property manager.
Has a Friendly and Respectful Attitude
This may depend on each individual, but having a polite, friendly, and respectful renter will simply make your life a lot easier. Even more so if your landlord lives in the same building or close to your house as you may encounter them frequently!
Find a Reliable Real Estate Agency You Can Trust
Whether you’re looking to buy, sell, or rent, having a reliable real estate agency by your side can help simplify the process. Finding a great landlord is extremely important, but you should also be thinking about your future goals and getting the support you need to fulfil these objectives.
At Vogue Real Estate, we specialise in delivering property management services, so we understand the importance of building a great relationship with renters and tenants.
Learn more by visiting our property management page or get in touch with us today!
Authored by Alex Morrison from Intergral Media