TIP OF THE MONTH - January 2013
The Presentation of Your Paperwork
Source: Profitably Managing your Rental Properties
By R. Dodge Woodson
The paperwork involved in
the rental business can be extensive. Some tenants will be
intimidated by the mass of papers requiring their signature. Many
property managers lose good tenants by not presenting their paperwork
in the proper manner.
If you are forceful and inconsiderate when
asking a tenant to sign your forms, they may look to rent some other
property where the formalities are not so daunting. Many tenants
will feel that you are tying their hands and putting yourself in total
control with all your legal paperwork, and if they feel they are too
tightly bound, they may not sign it. Yet, if they do sign with
these “back of the mind” feelings, you can have management problems
from the start. These tenants will feel you are taking advantage
of them, and after a while these feelings will fester into
resentment. You are after respect, not resentment.
If you present the forms in the right way, you
can convince the tenant they are as much for their protection as for
yours. The presentation of paperwork is important to good tenant
relations, successful management, and maintaining control.
TIP FROM CROSSETT REAL ESTATE SERVICES
In today’s world, there are several
forms to be signed in renting a unit or property including but not
limited to lead paint disclosures, lease terms with addendums, proof of
ID, proof of ownership of vehicles parked on the premises,
etc. Communication skills are an important requirement for
a property manager and landlord.
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This web page was updated on 12/29/2012.