Being an Awesome landlord is not about being liked. It is about running an awesome business. If you run an awesome business you stand to generate hopefully awesome returns….
Made a short check list of ideas to share
Transition tenants out carefully.
Be Organized!!!
Have systems for dealing with builders.
Handle problems ( Issues) carefully, immediately and effectively.
Train your tenant from day one regarding payment due dates.
Sign only your solicitors prepared lease.
Use an application to screen for solid problem ( free) tenants.
Pre-screen to eliminate problematic tenants.
Never Discriminate Against Anyone…Treat people as you want to be treated
Prepare your property business before signing your first lease.
Run your business like a business. Property is a Business Run it as one!
- Business owners create systems and repeatable processes that help them build a “machine” that runs smoothly.
- They continuously improve their business, looking for small and large ways to tweak their operation to make more profit while simplifying the tasks that need to be accomplished.
- They are firm but fair when dealing with their customers and clients.
- Business owners outsource and delegate tasks in their business that others can do with better results, focusing on the tasks that only they can do to grow their business.
- They maintain strict financial control over their company, knowing at all times how much money is going in and how much is going out, and they are able to document every penny.
- They focus on customer service, knowing that their business relies heavily on their reputation.
- Successful business owners maintain a solid understanding of the rules and laws that govern their industry, always seeking to work within the law to create the best business possible.
- And finally, successful business owners ask for help when needed, knowing that they don’t have every answer in the book but are willing to seek knowledge from other business owners and through books, podcasts, and other educational sources.
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