Owning rental property is a great way to build positive monthly cashflow but one of the biggest things that can hurt cashflow from a rental property is tenant damage.
Thankfully, tenant damage can be prevented if a landlord knows how to address this issue with their tenant from the very start of the landlord-tenant relationship.
In this article we will offer you several tips you can use for preventing damage at your Portland Oregon Rental Property.
Tips For Preventing Damage At Your Rental Property
Screen and place qualified tenants – One of the best ways for preventing damage at your Portland rental property is to first screen and place qualified tenants in your property.
During the process of tenant screening, you should be focused on the tenant’s rental history and references from their previous Portland Oregon landlords because if a tenant damaged other rentals in the past, it’s likely that they may damage your property as well.
Educate – After screening and placing the most qualified tenants in your property, the next important thing you should do is educate them on your policies which should include fees that they can expect to pay for damaging your property.
Tenants who know that they will have to pay money out of their security deposit for damaging the property will treat the property more responsibly especially if they know that they have to pay for damages out of their own pockets.
Communicate – Last of all, but most important it’s important to remember to communicate with your tenants if they show an interest in making improvements or repairs to the property because it’s not uncommon for some tenants to damage a property during the process of making ‘improvements’ to it.
In many cases, if landlords and tenants work together, improvements can be made to the property that will increase its value, keep the tenant happy and entice them to renew their lease for another year.
Contact Rent Portland Homes
At Rent Portland Homes, we specialize in managing single family and multifamily rental properties across the PDX area.
For more information about the property management services that we can offer you contact us today by clicking here to connect with us online.