Be A Better Landlord

Dated: 02/06/2018

Views: 77

Rental properties are one of the best ways to earn passive income and build wealth, but “passive” is a little misleading—it can still be a substantial amount of work. 

However, with a little planning and dedication, you can run your properties efficiently while also keeping your tenants happy.

Treat it like a business

Successful businesses have plans and procedures that keep things running smoothly, and the same should be true for renting and managing your properties. That means committing to customer service, outsourcing work appropriately, and paying close attention to income and expenses. Don’t just assume that you’ll collect a check each month and everything else will be a breeze.

Thoroughly vet your tenants

Collecting applications, interviewing tenants, and checking references means a lot of legwork up front, but it’s worth it in the long run. Choosing the right tenant could mean going years without incident—no late payments, no legal issues, and no property damage. Choosing the wrong tenant could mean monthly calls and visits to collect late rent, expensive property damage and repairs, eviction processes, court dates, and a whole lot of stress.

Make sure your lease is rock solid

Lease agreement laws vary from state to state, so don’t cut corners—find a lawyer who specializes in lease agreements. You’ll be glad you were thorough if you ever have legal issues with a tenant.


As your REALTOR®, I will help you find a quality investment property or help you get your investment property ready to sell. Let me be your guide through the home selling, or buying process. Call me today at 720.675.7355 or email me at donnahansenion (@) gmail.com.

Blog author image

Donna Hickey Hansen

As a Realtor and real estate investor, I love finding first time home buyers, move-up buyers and investors great deals! My background in the wholesale mortgage industry allows me to demystify the mort....

Latest Blog Posts

Denver Real Estate Market Trends

Denver’s 2017 Real Estate OutlookWhat—if anything—could slow down the Mile High City’s white-hot housing market this year? By Rebecca L. Olgeirson | January 24, 20175280.comReal EstateAfter

Read More

Brew Beer With Snow In ColoRADo

So, what’s more Colorado than a holy beer? Snow’s pretty Colorado (not really in Denver this year, but that’s a different story). And sure, you could argue that most beer in Colorado is made

Read More

Gaylord Rockies Hotel BizJournals

After an aggressive construction schedule involving some 1,300 temporary construction workers, builders of the Gaylord Rockies Resort & Convention Center in Aurora say they are 70 percent complete

Read More

Concept Documents Filed For A Super Skyscraper

Super skyscraper in downtown Denver? Developer files concept documents for 81-story tower (Video)A early rendering of Six Fifty 17 posted last fall.GREENWICH REALTY CAPITALByMark Harden –;

Read More