Wednesday, May 26, 2010

Tenant Relations

When you get a new tenant in your property leave them a gift basket to discover upon entering there new home.  I like to leave cleaning materials, rubber gloves, a couple snacks and some bottled water.  You would be amaized at how welcome and appreciated this makes your tenants feel and how much it will help your future dealings with each other.

Many landlords are mistaken in believing that the building they rent out is the assest.  It's not.  In fact the bank owns it and if it sits empty it's an exspence.  The tenant is the assest because the tenant is the source of cash flow.  Act and operate like a business, treat your tenants like customers.