First time landlords

Renting accommodations is a business, whether it's a room in a rooming house, a basement apartment, or multiple units in a large apartment complex. Become a successful landlord by:

• developing relationships with your tenants, property managers and service providers
• learning about the laws and responsibilities surrounding being a landlord
• using sound business practices such as supplying accurate, up-to-date information to your tenants and responding to your tenants’ requests quickly

Thoroughly check prospective tenants before you rent. Establish a fair procedure for screening and be sure to follow it the same way with every potential tenant. Ask potential tenants to provide references from past or current landlords.

These tips will help you earn and keep the respect of your tenants:

• Screen all prospective tenants in the same way so that it is fair and transparent.
• Set reasonable rules. All rules should be clearly written out in the lease.
• Keep your property well-maintained and respond to repair requests quickly.
• Show your tenants respect and kindness and they will be more likely to do the same.
• Respect your tenants’ privacy. Don't enter the rental without good reason or without giving proper notice.
• Everyone wants to feel safe. Provide a secure rental property with adequate lighting.