tenant contact
Ive use the friendly but firm approach , I really want my tenants to do well and dont mind a bit of contact, usually mine relates to building improvements etc and as i am a hands on sort of guy I will get my property manager to come along as well. If there are any rent issues I get him to deal with it. I always recommend using a professional manager for your investment property. You only have to stuff up one rent increase or lease detail and trust me it can cost you many thousands of dollars in rent and building value.
I do sometimes do all the new lease negotiations but you really need to make sure you know what you are doing , can save a bit of agent comm here but I dont recommend it for a new investor.
If there are any rent problems its always easier to call the manager than the tenant!
Ive use the friendly but firm approach , I really want my tenants to do well and dont mind a bit of contact, usually mine relates to building improvements etc and as i am a hands on sort of guy I will get my property manager to come along as well. If there are any rent issues I get him to deal with it. I always recommend using a professional manager for your investment property. You only have to stuff up one rent increase or lease detail and trust me it can cost you many thousands of dollars in rent and building value.
I do sometimes do all the new lease negotiations but you really need to make sure you know what you are doing , can save a bit of agent comm here but I dont recommend it for a new investor.
If there are any rent problems its always easier to call the manager than the tenant!