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Updated over 10 years ago on . Most recent reply

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Tom Goans
  • Real Estate Investor
  • Englewood, CO
258
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988
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Most Important Landlord Tip

Tom Goans
  • Real Estate Investor
  • Englewood, CO
Posted

Most Important Landlord Tip

THE WAY YOU TREAT PEOPLE WILL AFFECT YOUR SUCCESS.

The old saying applies: You Reap What You Sow. Of all the tips there are for landlords, the way you treat people is probably the most important one that will have the greatest influence on your success. This includes prospective tenants as well as tenants.

-- If you begin the relationship in an adversarial manner, you should expect the tenant to remember your attitude and respond accordingly.

-- If payments are consistently late, the way you began the relationship may be the root of the problem.

-- Are your properties experiencing what some may consider excessive wear and tear? A quick look in the mirror may reveal the source of the problem.

-- If you are perceived as a greedy landlord whose priority is taking money and not making repairs or addressing issues, you should expect a challenging career as a landlord.

This is just my way of viewing the landlord/tenant relationship. In fact, this is the way I approach all relationships. It is not the only way, nor is it the correct way for you.

Your comments are welcomed. This is how we all learn and grow.

Most Popular Reply

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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
Replied
Originally posted by Tom Goans:
The property now becomes the tenant’s HOME. This is now the sanctuary for someone or a family.

If the tenant truly believed it is their sanctuary, they would care more about the home and not leave it trashed. I think it is only good people that feel this way, and others probably just have an entitlement attitude no matter who the landlord is.

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