As a landlord, it's essential to make informed decisions when managing your rental property. From finding tenants after completing renovations to addressing maintenance issues and handling tenant turnover, each aspect requires careful consideration. In this blog post, we will explore important questions that landlords often face and provide insights to help you navigate these situations effectively. Let's delve into the key considerations that can impact your rental property management journey.
Common Concerns Of Landlords | WËCÅRE | Others Service Providers |
How long will it take me to find a tenant after completing renovations? | ✔ Immediate tenancy WËCÅRE offers landlords fast renovation services and direct rental options. | ✔ 2-4 months or more Landlords need to find Tenants themselves or appoint an agent after the renovation is completed. |
How many months of agent commission I need to pay ? | ✔ No agent fee If you rent directly from WËCÅRE, you won't need to pay any hidden fees or agent commissions. Additionally, you may be able to save more than two months' worth of rent. | ✔ 2 months or more Agent may charge a commission of two months' rent for a 3years tenancy, which means you will collect less than nine months' worth of rent per year if you spend two months looking for a tenant. |
Will my tenant renewing their lease and continuing to rent my unit after one year ? | ✔ Yes. Long tenancy period WËCÅRE offers a long tenancy period of 1+1+1 or 3 years, with no worries of timely tenant replacements. | ✔ Depends Many tenants typically rent for only one year or even less.Which can be a source of stress and expenses for owners who need to handle refurbishment and other costs. |
Should I concern about addressing small maintenance issues of my unit ? | ✔ No. Free maintenance WËCÅRE offers property maintenance to take care of your unit. Owner can expect fewer maintenance issues calls. | ✔ Yes. Tenant call landlord Tenants may frequently contact the owner for minor maintenance issues. |
Is there a risk of damage to my rental unit when I lease it to a tenant ? | ✔ No. “Wecare” your unit like our own WËCÅRE is an experienced and trusted property management company that has collaborated with over 100 landlords. As your trusted partner, we will take care of your unit as if it were our own. | ✔ Maybe Tenants may not feel a strong sense of responsibility towards maintaining a rented unit due to the fact that they do not actually own the property. |
What will happened after my tenant move out ? | ✔ Tiptop condition of unit As a business and long-term tenant, WËCÅRE assures you that you will not have to deal with annual unit refurbishments. Even after we move out, you can expect your unit to be in top-notch condition. We pride ourselves in maintaining our rented properties meticulously. | ✔ Need to refurbish for the unit Landlords may face rental shortage, paying for one month of agent fee and several months of vacancy before finding the right tenant. |
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