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Orange County Property Managers have often heard that some renters see the landlord or manager as the not so good guy. Moreover, they have to deliver news about a rent increase, to explaining why tenants won’t be receiving their security deposit back.

At times, this can feel like delivering not the best if news, and unfortunately, this is only half of the job. Additionally, you have to have an exceptional landlord and tenant relationship.

Orange County Property Management Breakdown Common Mistakes

Three Crucial Mistakes To Avoid As An Orange County Property Manager:

1. Telling The Applicant They Were Not Choosen

Our Orange County Property Managers say that it’s essential to know how to deny a rental applicant.

  • You have to be considerate and empathetic when denying an application.
  • You also have to be aware of important legal matters when informing an applicant.

Our Orange County Property Managers suggest that you make sure to fully research all requirements in your state before telling the applicant anything at all.

Furthermore, remember that a currently unqualified applicant could be a potential customer in the future, so don’t count them out just yet. Our Orange County Property Management Service Providers say this typically tends to happen more often with young renters who don’t have any credit history.

2. Blindsiding The Tenant By Raising Rent

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Orange County Property Managers have also learned that raising rent is a reality that you cannot ignore for an investment to grow. Tax inflations and maintenance costs add up, any savvy investors understand that they must pass those additional costs onto tenants. Although, you can find ways to mitigate shock and headaches for tenants, by facing an increase in their monthly rent.

First and foremost, it’s essential to inform your tenants why the raise will happen, provide a reason that ensures the tenant that they are valued. Don’t do it in one big jump, raise rent by a small percentage each year.

3. Closing The Pool For Maintenance

Orange County Property Managers generally don’t have to underestimate a tenants love for the amenities. Be prepared for some negative feedback when you announce that a certain amenity will be closed for maintenance. To lessen tenant distress, be sure to plan ahead. Make sure to tell your tenants with enough lead time so they don’t get shocked by some sudden news.

For more information on real estate investing tips, fix and flip advice, real estate wholesaling education, real estate investor training and much more, make sure to follow our blog at: http://orangecounty-propertymanagement.com