As a property management company in Charlotte, one of the things we do is to find good landlords who we want to work with as clients. Individuals come to us as prime investors, novice investors and future landlords. Sometimes, people find themselves in situations where they have gained a property or they are unable to sell their property, so they want to earn money on it by renting it out.
In all these cases, we are looking for landlords who are totally engaged in this process. That means landlords who understand that their home is their most valuable asset and one of the most expensive things they will own outside of their primary residence.
We are looking for individuals who want to communicate with us on a regular basis and are willing to act on any recommendations we find that would allow their property to grow as an asset. Some landlords believe they should only do limited things. However, that’s not necessarily true. There are a lot of things that a landlord can do to extend the life of their property and increase its value while making the house profitable and marketable to potential occupants.
Our recommendations are for clients to do small things that ensure the asset is protected. One way to protect the property is with home inspections. Many clients ask their property managers to do a simple walk through of the property. That’s great to get a look at how the tenant is caring for the house. However, a home inspection is important to get to the bones and the meat of a property. An inspector can check for roof looks and potential issues with plumbing. These things are probably not caused by tenants, but to an individual just doing a walk through, these problems can go unseen.
Provide landscaping services or enhance your lawn by giving a tenant planted flowers. Paint the property every five or seven years, and put down new carpet. When you do these things for a tenant who is already in place, you’re providing incentives to stay. You’re letting that tenant know that you’re a good landlord who is willing to keep the property up.
We want to work with good landlords. If you’d like to hear more about how to be one of those good landlords, you can contact us at Carod Properties.
