Oftentimes, tenants do something risky, stupid, or both, which lead to accidents and injuries. This is why it is extremely important to set some house rules and strictly implement them.
Here are the following 5 house rules for your tenants that can help protect your property as well as improve tenant relationship.
The challenge with managing multi-family property, or an apartment with nearby neighbors is keeping the place quiet and peaceful. Set some rules about it to avoid complaints and conflicts such as a tenant playing loud music or throwing a party in inappropriate times.
2. Pet Policy
Clearly discuss pet policy to your tenants. Indicate what kinds of pets are allowed and what are not. Ask them if they understand the rules regarding owning a pet. Make sure they follow it to avoid friction among tenants.
3. The Landlord's Right of Entry
This subject matter should be included in the lease agreements. In here, it includes your right to enter the property and under what circumstances. Nevertheless, it is better to give a warning or valid reason for entering. A visit without any warning can lead to arguments.
4. Landscape and Upkeep
It is important to maintain the landscaping in your property. Aside from the fact that a dirty and unkept yard looks unsightly, this could also cause neighbors to talk or complain. Tenants must pick up the trash, mow the lawn, trim the shrubs, remove the garbage, etc.
5. Late Rent Payment
It is one of the most important issues regarding house rules. If your tenants are late in paying their rent, how will you deal with it? Consider giving a grace period before you enforce a penalty. Make sure to know the laws regarding late payments so you do not step over the boundary as well.
Why You Need to Set Rules
You want to be clear with your expectations. You want people to live in your property cleanly, safely, and as humanely as possible. Implementing house rules also prevents tenants from disrespecting and neglecting your property.
On the whole, you have the right to evict a tenant whenever necessary. Also, check your real estate investors insurance for the coverage about managing your property and tenants. At Bond Pro Insurance Brokers, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. To learn more about how we can help you, please contact our agency at (636) 220-6377 or Click Here to request a free quote.