• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Twitter
  • YouTube

Owner Login | Tenant Login | 323-255-9400 ext. 4   GET A QUOTE

Los Angeles Property Management Group offering residential, luxury, and commercial property management in the Los Angeles area

Los Angeles Property Management Group

Property management in Los Angeles & the Valley, done right.

  • Services
    • Residential Property Management
    • Luxury Property Management
    • Commercial Property Management
    • Get A Quote
    • Why Agents Trust Us
  • Why Choose LAPMG
    • Mission Statement
    • Recent Reviews
    • Awards and Recognition
    • Our Team
  • Articles
    • David Crown in Forbes
    • Case Studies
    • Industry Blog
  • Areas Served
  • Careers
  • Contact
    • Contact Us
    • Portal Logins
    • Prospective Tenants
    • Our Team
    • Owner FAQs
    • Resident FAQs
    • Privacy Policy

Tips for Every Landlord

October 25, 2018 LAPMG

Tips for Every Landlord

Tips for Every Landlord

Being a landlord is more than just owning a property and having some tenants in your property. So many landlords out there are of the opinion that by just having a municipal property with a couple of renters, they are now qualified as successful landlords. It will come as a surprise that several landlords in the world today are simply terrible at their jobs but in the way, they treat their tenants, and also how they approach their business.

If you are just starting out as a first-time landlord or maybe you’ve been in the business for a number of years now, you can take your “landlording” into another level and become successful at it. We’ve highlighted the following tips that you can implement in your pursuit of becoming a successful landlord. Give them a look and see for yourself.

 

Tenants should have Renters Insurance

Mandating tenants to have renter’s insurance is often one essential prerequisite that most tenants overlook. There are times when tenants cause damages more than the security deposit covers. Take, for example, the tenant leaves the kitchen sink on, and the whole apartment gets flooded. In such a scenario, the landlord insurance may offer to cover the cost incurred from the damage caused, but compensation should come from tenant’s liability coverage. A renter’s insurance will also protect your tenants from losses suffered on their personal belongings.

 

Screen out potential bad tenants

This is one area several landlords fail to beat the mark. Allowing the wrong person in your property no matter the stakes, will be detrimental both in the short-term and long-term basis. Think about the late rents, the costly evictions, and your damaged property. You can be saved from all these and more if you thoroughly screen your potential tenants before allowing them into your property.

Most landlords often cite the fact that the screening process being a tasking job as a reason why they don’t bother with it or do it haphazardly. Well, you don’t need to stress yourself in that regard, as you can get the services of a reputable property management company like lapmg.com to help you with the screen exercises and much more as regards your property. Getting a property manager, will save on stress, time, and most importantly on cost.

 

Select renovations that help to increase the rent

Top quality renovations will attract the right kind of tenants, and that means that there can be a simultaneous increase in rent. General renovations are good, and they can make your property more appealing and presentable, but not all renovations would affect the price that tenants will pay. Painting and flooring are two renovations that can help attract the right kind of tenants who would be willing to pay your desired rent. Landlords should know that the type of neighborhood affects the rent tenants might be willing to pay, so landlords should factor that in.

 

Carry out home repairs on time

Attending to repairs on time will potentially save your property from more damages, and in a way save you on costs. By taking prompt action on repairs, you show your tenants you care about your property, and they should show that same level of care too. When it comes to making swift repairs remember a stitch in time, saves nine

 

You can achieve the desired success as a landlord. If you take the right steps. As a landlord, you want a situation where you have a steady influx of rent cheques the beginning of every month, and minimal issues with your tenants and property. Being a landlord doesn’t mean you have to lose a few of your hair now and then your rings, you can be a successful landlord if you implement some of these tips that we’ve shared

Author

  • LAPMG

    View all posts

Filed Under: Commercial Properties, Projects, Property Management Education, Residential Properties Tagged With: apartment owners, landlord tips, Los Angeles, property management san fernando valley, property owner tips, tenants

Primary Sidebar

    PROPERTY OWNERS: CONTACT US FOR A FAST FREE QUOTE

    (This space is not for tenant contact. Check out our listing page.)







    Loading...

    Footer

    Award-winning management means:

    Best property management in Los Angeles - Our Awards

    • Maximum profits.
    • Responsive service.
    • Vacancies filled quickly.
    • Accurate understandable monthly reports.

    Proud Members of:

    AAGLA AOACA AIR Commercial Real Estate Association Member BOMA 2024 Member of Forbes Real Estate Council Great place to work

    Contact Information

    
    

    YouTube LAPMG   Facebook LAPMG   Twitter LAPMG   Los Angeles Property Management Group on Google Maps

    Los Angeles Property Management Group
    10960 Ventura Boulevard Second Floor
    Studio City, CA, 91604
    Phone: 323-255-9400
    Contact Us

    Los Angeles Property Management Group is a licensed real estate broker, State of California, DRE License Number 01931033.

    Los Angeles Property Construction Inc. is a licensed contractor, State of California, Contractor State License Board Lic. # 1050649.

    Kyle Crown DRE License #0193638
    David Crown DRE License #01157354

    © 2025 Los Angeles Property Management Group · Privacy Policy
    10960 Ventura Boulevard Second Floor, Studio City, CA 91604 · Phone: (323) 255-9400
    LAPMG is committed to ensuring digital accessibility for people with disabilities. We are continually improving the user experience for everyone and applying the relevant accessibility standards. If you have any issues, please contact dcrown@lapmg.com.