JazzyNugget
JazzyNugget

How can I be a good landlord?

Will be renting out a 2BHK in a Prestige property. How can I make a tenant's lifecycle easier, while also ensuring (note: ensuring, not hoping) I don't get ripped off?

14d ago
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GroovyBanana
GroovyBanana

Just return the deposit when they vacate the flat

JazzyNugget
JazzyNugget

We will :)

CosmicLlama
CosmicLlama

true.... because of this, a few good owners pay the price.

ZippyMochi
ZippyMochi

Always provide semi furnished flats, not furnished. Easier for both parties to maintain.

Always take a copy of tenant's personal IDs and an emergency contact of someone in city+parent.

Always make a proper rental agreement with clearly defined terms. Always declare restrictions upfront, not after they move in. If you don't have a list of restrictions, you should.

Try and take 3 months deposit, more than that isn't realistically required and is a huge burden on tenants.

ZippyMochi
ZippyMochi

Btw, friend of mine is looking to rent a place, but has a cat and dog. Looking for pet friendly flat. Let me know if you're open to it.

JazzyNugget
JazzyNugget

Noted, thanks!

FloatingRaccoon
FloatingRaccoon

Provide good furnishing. Then price can be hiked and not feel rip off either.

JazzyNugget
JazzyNugget

All the monies went in acquiring the house plus the basic interiors (kitchen, TV unit, wardrobes, etc). Will keep the rest in mind for the next tenant. Thanks!

PerkySushi
PerkySushi
TCS14d

May I know the rent ๐Ÿ˜…

JazzyNugget
JazzyNugget

32ish, including maintenance

SnoozyCoconut
SnoozyCoconut

Nice pls share contact

WigglyBanana
WigglyBanana

Install an AC, please As someone who lives on rent, the costs of civil work to install an AC are prohibitive

Regards, someone who has to use a cooler

JazzyNugget
JazzyNugget

My man, the cost will be high for me also ๐Ÿ˜‚

PrancingPotato
PrancingPotato
  1. It's ok for you to have preference - religion, bachelor vs family, pets, non-veg etc. But be upfront and clear about it. Makes it easier for both parties.
  2. Deduct 1 month rent and return the entire deposit on time.
  3. Don't over invest. Semi furnished is decent.
  4. Ensure basic amenities are fine and jump and get civil work done. Plumbing, mold, seepage, etc - get this done yourself. Don't expect the tenant to get this done and deduct from rent, etc.

Treat the other party just like how you would want to be treated in a rented place.

JazzyNugget
JazzyNugget

All sane points.

BubblyBurrito
BubblyBurrito

good landlord is like good manager, doesn't micromanage and interfere in personal life.

MagicalBurrito
MagicalBurrito

Just don't interfere in their life, don't ask why do they bring gf/bf, why are they staying over weekend, and shit like that.

JazzyNugget
JazzyNugget

We're not micromanagers. Hate them, won't be like them

MagicalBurrito
MagicalBurrito

Thanks for making world a better place

PerkyPancake
PerkyPancake

Bangalore? What's the total buy value of priority and rental per month ?

JazzyNugget
JazzyNugget

Got it for 57L, renting for 32k-ish

DerpyTaco
DerpyTaco

I have a vacant 1 bhk home available for rent in Nagadevanahalli, near bangalore university

JazzyNugget
JazzyNugget

Stop piggybacking, get your own post ๐Ÿ˜‚

DerpyTaco
DerpyTaco

Ya good idea ty

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