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Tips For First-time Tenants And Landlords - Properties - Nairaland

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Tips For First-time Tenants And Landlords by Nobody: 6:58am On Apr 13, 2017
Renting your first apartment or house is an exciting turning point in your life. It can also be stressful, since the huge yearly rent (we envy climes where tenants pay on a monthly basis!) often uses up the bulk of your Salary. And then there’s the fact that you need to adhere to certain rules and policies, as well as seek out your landlord whenever something goes wrong with the property.
You’ve probably heard worrying stories about absentee landlords. However, most aren’t there to scam tenants . Like any business, they’ll only succeed by providing a quality service. You can do your part by being a model tenant. Here are some ways to do just that:

(a) Be honest when completing the rental form.
Don’t lie about your job, finances or how many siblings you have. It’s tempting to sweeten the truth a bit in order to get into a great apartment, since the market can be very competitive. However, as soon as your landlord finds out that you lied, there will be trust issues.

(b) Contact your landlord right away if there is a problem.
Don’t let the problem get worse by letting it fester for weeks. If the plumbing system is faulty, a window is leaking or a funny smell is emanating from the carpet, speak up. Find out what the protocol is for reporting repairs and other problems, and then follow it precisely and promptly.

(c) Pay on time.
Nothing is more aggravating for a landlord than having to chase up payments from tenants. If you want to be on your landlord’s good side, pay on time. If you’re going to have a problem paying in full, let your landlord know as soon as possible. If you’ve been a respectful, friendly and trustworthy tenant so far, your landlord will probably be a little lenient when these matters come up.


TIPS FOR FIRST-TIME LANDLORDS
Investing in real estate can be a great source of income, but it’s not a passive income. You’ll need to be active in ensuring that your properties are maintained and that your tenants follow the policies you have in place, not to mention pay on time. Here are some ways you can ensure things go as smoothly as possible:

(a) Separate your personal and business phone numbers.
Doing so will help you maintain the ever-elusive work/life balance. However, it’s important to also be readily available for emergencies, as it’s your responsibility to handle any repairs needed on the property.How can you get the best of both worlds? Fortunately, You can have a single cell phone with a dual-sim capabilities, so your personal space can be protected to some extent.
(b) Create a business entity.
Even if you are running a solo operation, have an lawyer help you set up a business entity. The business name can go on all of your paperwork instead of your personal name. You can be known simply as the landlord rather than the owner of the house (even if both are true). A tenant is unhappy with a policy? Say something like “The owner is very strict about this.” It will help you to enforce your policies without creating resentment toward you as a landlord. This trick will make your life a whole lot easier.

(c) Outline your policies right away.
It’s a bad idea to make rules up as you go along. Learn as much as you can from seasoned landlords. They all have stories to tell about tenants who did something unexpected that warranted a new policy to be put in place. Learn from their cautionary tales, and then set up your own list of policies.Be sure each tenant has a copy of your policies and that you enforce them.



Source:
www.blog.hutbay.com/2016/04/12/tactful-tips-first-time-tenants-landlords/

www.naijapropertiesonline.com

4 Likes 3 Shares

Re: Tips For First-time Tenants And Landlords by YonkijiSappo: 7:13am On Apr 14, 2017
stop flooding FP with threads jare. @ propertiesNaija. angry

2 Likes

Re: Tips For First-time Tenants And Landlords by otunbaa(m): 7:15am On Apr 14, 2017
Mumu post.. Everybody wan post something

1 Like

Re: Tips For First-time Tenants And Landlords by Princess4ng(f): 7:15am On Apr 14, 2017
I go soon b landlord myself
Re: Tips For First-time Tenants And Landlords by toxxnoni(m): 7:16am On Apr 14, 2017
Morning, check signature

Re: Tips For First-time Tenants And Landlords by money121(m): 7:17am On Apr 14, 2017
Ok
Re: Tips For First-time Tenants And Landlords by ELShehzad: 7:18am On Apr 14, 2017
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Re: Tips For First-time Tenants And Landlords by UndisputedBosom(m): 7:20am On Apr 14, 2017
I honestly need my "own" apartment
Re: Tips For First-time Tenants And Landlords by Nobody: 7:22am On Apr 14, 2017
Please read up this too www.nairaland.com/3734900/sue-trespass-land Thank you

info@naijapropertiesonline.com
www.naijapropertiesonline.com
Re: Tips For First-time Tenants And Landlords by diablos: 7:23am On Apr 14, 2017
Dude there's nothing new here...some nigerian landlords and tenants are just pure evil...u need d holy spirit's guide not to fall into wrong hands.

3 Likes

Re: Tips For First-time Tenants And Landlords by Tazdroid(m): 7:24am On Apr 14, 2017
More tips for landlord...

Always have a documented tenancy agreement in case push comes to shove. U go nid am for court

Don't argue with your defaulting tenant, just slap his face with a notice to quit
Re: Tips For First-time Tenants And Landlords by Tazdroid(m): 7:25am On Apr 14, 2017
diablos:
Dude there's nothing new here...some nigerian landlords and tenants are just pure evil...u need d holy spirit's guide not to fall into wrong hands.
grin agreed...thought that evil could only be seen in Nollywood

1 Like

Re: Tips For First-time Tenants And Landlords by Nobody: 7:26am On Apr 14, 2017
YonkijiSappo:
stop flooding FP with threads jare. @ propertiesNaija. angry

Dear respondent,
You can as well read this thread in your leisure too. www.nairaland.com/3734900/sue-trespass-land Thank you.

info@naijapropertiesonline.com
www.naijapropertiesonline.com
Re: Tips For First-time Tenants And Landlords by SHOPPERS(m): 7:28am On Apr 14, 2017
I was hoping for something different and new.... Issokay. At least better than snake, bbn, apostle suleiman and Fayose share cheese balls stories we get regularly now on frontpage.
Re: Tips For First-time Tenants And Landlords by kushfc(m): 7:29am On Apr 14, 2017
@ no 1b, if funny smell is emanating from carpet i should call the landlord. U mean for naija or where?

NB: op stop copy and paste.
Re: Tips For First-time Tenants And Landlords by SHOPPERS(m): 7:30am On Apr 14, 2017
Oya, tell us how much will bring up a 3 bedroom flat from foundation till roofing will cost for an average pocket.... I need that now pls
Re: Tips For First-time Tenants And Landlords by otokx(m): 7:42am On Apr 14, 2017
Prospective tenants should always go house hunting in the middle of raining season to avoid stories that touch.

Landlords should ensure that their house is free of problems before renting it out.
Re: Tips For First-time Tenants And Landlords by Chirolechick: 7:44am On Apr 14, 2017
Do naija landlords do repairs, once something isn't working, you're on your own o
Re: Tips For First-time Tenants And Landlords by manitoba(m): 7:52am On Apr 14, 2017
Nice thread.. Was able to learn few things here.
Re: Tips For First-time Tenants And Landlords by otokx(m): 7:54am On Apr 14, 2017
Chirolechick:
Do naija landlords do repairs, once something isn't working, you're on your own o

Sadly that is the truth, once they get their rent they don't pick calls till when the rent is due in a year's time.
Re: Tips For First-time Tenants And Landlords by Nobody: 8:04am On Apr 14, 2017
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Re: Tips For First-time Tenants And Landlords by Idydarling(f): 8:17am On Apr 14, 2017
good piece op
Re: Tips For First-time Tenants And Landlords by Nobody: 8:32am On Apr 14, 2017
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Re: Tips For First-time Tenants And Landlords by Electroweb(m): 9:10am On Apr 14, 2017
Landlords should be careful of tenants that are eager to pay rent and move into the apartment. They might have a quit notice on their hands from previous apartment.
Re: Tips For First-time Tenants And Landlords by leksmedia: 9:30am On Apr 14, 2017
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Re: Tips For First-time Tenants And Landlords by chech12345678: 9:48am On Apr 14, 2017
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Re: Tips For First-time Tenants And Landlords by Laird(m): 10:08am On Apr 14, 2017
otokx:
Prospective tenants should always go house hunting in the middle of raining season to avoid stories that touch.

Landlords should ensure that their house is free of problems before renting it out.


To add

1) Ask about old NEPA electricity bills from Neighbours
2) Ask about old and current waste disposal refuse environmental dues, fees and levies from.neighours
3) Ask about outstanding and current house.and Community security bills and levies from Tenants
4( Go yo the house or apartment in the night to.access the car parking situation for car owners , to assess the environment and to check If You can cope with.the generator or music or neighbour noise in the area at night
5) Ask if house gate and community gates are locked at night and can be opened or not for residents who come in or go out late night
Re: Tips For First-time Tenants And Landlords by Rainmaker69(m): 10:34am On Apr 14, 2017
4. Consult a lawyer.
Re: Tips For First-time Tenants And Landlords by benitwater(m): 1:46pm On Apr 14, 2017
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