It seems that now in this tough real estate market more home owners have become landlords. Whether you are a real estate investor or a home owner looking to have their mortgage covered while waiting for the market to strengthen the question arises.
What do landlords want?
Occupancy not Vacancy. For every day that their property is vacant it is dollars out the door. For most property owners this could put them in the rears financially.
Maintenance. Landlords don’t want that 3 a.m. call in the morning because the toilet flooded and it has soaked the carpet. Landlords want that call to be taken by a professional who will not only take care of the
issue, but have it done efficiently, in a timely manner and most importantly at a low cost.
Quality Tenants. The quality of a tenant is key. This is a landlords biggest worry. Will the tenants pay the rent? Will they damage the property? Evictions cost landlords allot of money from lost rental income, repairing tenant damage and the price of eviction processes.
So what do landlords want? They want their biggest investment protected both physically and financially. Rentals are meant to be an income source not a financial burden.