As property managers, we try to create win-win situations for all of the landlords and the tenants we work with. Sometimes, there’s this misguided notion that what’s good for the tenant isn’t good for the landlord’s cash flow, and vice versa. We want to dispel that myth. There doesn’t have to be competition between the interests of the tenants and the interests of the landlords. There is truly an opportunity to create win-win when managing properties.
How Maintenance Can be a Win-Win
We manage both commercial and residential properties, and today we’ll focus a lot on the residential side, because that’s where tenants and landlords can really be on the same side. What’s good for the landlord is often good for the tenant as well. For example, think about maintenance. Sometimes people think maintenance is just an expense for the owner and a benefit to the tenant. However, if you do maintenance correctly as a property owner, everybody wins. You provide the tenant with a safe and pleasant place to live, which is a benefit to them. You also benefit yourself by saving money on deferred maintenance and you improve the value of your property. This is just one example of where you have a win-win situation, and it’s an important one.
Property Managers Help to Balance Everyone’s Needs
At the end of the day, your tenant wants to live in a safe, reliable home that gives them stability. The landlord wants tenants to take care of their home, cover the monthly rent, and take care of minor items so the home is well maintained. Both of these things can happen at the same time, especially if you have a good property manager delivering high quality services to the owner and the tenant.
If you have any questions about how to make sure your rental property works out well for both you and your tenant, please contact us at Property Management Partners.