Suggestions on How to Have a Good Landlord &Ndash; Tenant Relationship

You have decided to list your property for the Olympics, but being a landlord is not as easy as it sounds. To help you out we have listed below some suggestions on how to have a smooth and enjoyable landlord experience instead of a tangled and irritating one.
1.    Before letting out your property check the potential tenants credit history, references and background. Not screening properly the tenants can result in a variety of problems such as not being responsible of his financial obligations or the lack of respect for the rented property.
2. Ensure     that you have every important fact of the rental agreement in     writing. Gather a check-in report; agree upon when interim reports     will be drafted. Include in the rental contract when and how the     landlord can enter the premises of the rented unit and who will take     care of the maintenance if something unexpected occurs. Finally     mention when the rent fee has to be paid and how long will be the     tenancy period.
3.    Set     up a fair, clear method of collecting, holding and returning of the     security deposit. Write down the condition of the property before     letting it, if it is possible make a video footage. This will     prevent disputes concerning the deposits.
4.    Always maintain the property in a good condition or you can be held liable in case of an injury.
5.    Secure your property; nobody will rent a high risk rental unit. Always respect the privacy of the tenants; therefore always notify them before entering the property in their absence.
6.    Choose your property manager carefully, if the person in charge is incompetent or commits any crime, the landlord is held responsible. Just like you have checked and selected you tenants, you should check your management employees.
7.    Be a landlord who is prepared for anything. Sign a good insurance policy that will cover everything from A to Z. You could never know what will happen and for what you may be sued or receive claims for.
As long as you follow those tips there is no reason for having a troubled landlord- tenant relationship, so you may calmly list your flat for 2012 Olympics.