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The benefits for landlords to build a relationship with tenants

By Ben Faulks

If you're planning on purchasing houses for rent in Belconnen and becoming a property investor, there are a number of things to take into consideration. After all, you're assuming responsibility for one of the largest assets most Australians will ever have – as well as maintaining the property for your tenants. 

Taking this to heart, it's always a good idea to build a great relationship with your tenants. In doing so, you'll be able to keep your property occupied for a consistent period of time, which can help you make the largest profit possible moving into the future. 

Because your portfolio is only profitable when it's occupied, so taking steps to ensure there are always tenants in your home is a must. 

How can you build a relationship with your tenants?

The best way to do this is to take care of any complications that arise as soon as possible and respect your tenants' privacy. As the landlord, it's your responsibility to repair any problems that happen in the home – including plumbing or electrical faults.

Addressing these as soon as possible can help to keep your tenants as happy as possible, encouraging them to stay in the property and continue paying rent to you well into the future. 

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