How to train tenants?

[Vinh Nguyen]

Random thought this morning. On several bp episodes, they mention you have to train your tenants properly. What are some effective ways of executing that? What are some examples? Thank you!

[Stephen Mackivitch]

@Vinh Nguyen I just read about this recently in one of Brandon’s books, Rental Property Investing. Here are a couple ways he mentioned training tenets and others I’ve came across:

-set systems you follow for certain scenarios such as rent payment. If it is late there is a fee, no matter the scenario. If it is not paid in x amount of days a notice to evict is posted.

-if you have a maintenance call for a clogged toilet, the tenet pays a 50 dollar fee upfront. Trains them to take care of issues they create.

-For the common scenarios you will come across you have set standards you follow for all of your tenets so they know what to expect and you have a consistent way of handling the situation and making it easy for yourself.

-Make sure your rules are within the lease agreement and follow them from the start