Reducing Rental Risks since 2008
Introduction to the residential letting industry in S.A.
Know the laws. As a landlord, you need to familiarize yourself with the Rental Housing Act, Consumer Protection Act, and P.I.E Act to avoid any legal trouble. Trust us, you don't want to end up in court because you didn't follow the rules!
Screen your tenants carefully. It's important to vet your tenants thoroughly before you sign a lease agreement with them. This includes running credit checks and background checks to ensure they're reliable and trustworthy.
Be clear about your expectations. When you're drafting your lease agreement, make sure you're clear about your expectations for your tenants. This includes things like rent payment deadlines, maintenance responsibilities, and rules for using the property.
Maintain the property. It's your responsibility as a landlord to maintain the property and ensure that it's safe and habitable for your tenants. This includes fixing any issues promptly and performing regular maintenance.
Be respectful of your tenants' privacy. While you have the right to access your property, it's important to respect your tenants' privacy and give them adequate notice before entering their living space.
Communicate effectively. Good communication is key to a positive landlord-tenant relationship. Be responsive to your tenants' concerns and make sure you're available to answer any questions they may have.
Keep accurate records. It's important to keep accurate records of all your transactions with your tenants, including rent payments and maintenance requests. This will help you keep track of your finances and protect you in case of any legal disputes.
Treat your tenants with respect. Remember, your tenants are your customers, and it's important to treat them with respect and professionalism. Be courteous and responsive, and you'll likely have a happy and satisfied tenant!
Renting out a property can be a great source of income, as long as you follow the rules and treat your tenants with respect. Good luck!
Nic Campher
Rental Rage Relief
084 744 0144
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