Sunday, October 17, 2010

The landlord's Bible says....



1. Structural damage is your responsibility, even if it happens during the occupancy of the tenant.

2.  On a random visit, if you walk in and see a well maintained home ( note that I say home and not house), be grateful. Because this shows that your tenants' are treating your property as if it were their own. Take into consideration that there are a fair number of tenants out there who get a kick out of thrashing up a place during their stay and literally leave the property in shambles when they leave.

3. You're lucky if you have tenants who pay their rent within the stipulated time period (by the 7th in tenancy agreements). You are even more LUCKY if you have a tenant like me who pays you by the 3rd of the month. I say this because I have heard my fair share of horror stories of landlords who have to chase their tenants for rent.

4. When it comes to fixing something that needs to be fixed in the said property, do it! don't go on a long rant about how you have financial problems and are not making money out of the rented property blah..blah... That's not your tenant's fault and they won't be interested in hearing your lame excuses. A tenant pays you rent monthly for a property that should be in good working order, so if there's a leaking pipe, tap etc, it's your duty to get it fixed!

5. Oh and lastly, if you want to come over to check something or get plumbing or construction work done, it has to be at the convenience and leisure of your tenant. You have absolutely no right to turn up at their doorstep at any time and expect to be entertained. There's no law on this, but it's pure common sense and oh yes, basic courtesy.

Why am I ranting away about things that  are so um....taken for granted with regards to property rental? It's because I have the misfortune of having a landlord who struggles cerebrally to grasp these basic facts. I am half tempted to email him this rant, but I fear and have long suspected that he struggles with language too.

2 comments:

PropVestment said...

Nice article, so true and yet so forgotten. Please give me some feedback on my blog, www.PropVestment.wordpress.com.
Thank You

jothi said...

Hiya thanks for visiting, glad you like my rants! :)