In the Article, Deloney Offers Helpful Advice on How to Handle a Tenant for the First Time
LOS ANGELES, CA / ACCESSWIRE / July 27, 2020 / Winston Deloney, a real estate investor and entrepreneur based in Chicago, Illinois, is pleased to announce that he was recently featured in an article on TippingPointTavern.com.
To read the article, which is titled "Expert Advice From Winston Deloney: How To Handle Your First Tenant," in its entirety, please check out
https://www.tippingpointtavern.com/lifestyle/expert-advice-from-winston-deloney-how-to-handle-your-first-tenant/.
As the article points out, renting out a property can feel overwhelming, especially if it's for the first time. At the same time, managing properties and getting rental income through tenants can be a great way to make money, and as long as proper preparation is done, it can be a smooth transition.
When asked if property owners should use a vetting process for tenants, Deloney said that it is important that any potential renters fill out an application and that a credit and background check is completed. This way, the property owner will have peace of mind that the tenant's past is free from criminal activities and unpaid bills.
As for establishing ground rules for the tenant, Deloney said it is crucial to establish a positive relationship from the beginning and make it clear that a certain level of respect is expected.
"By establishing this, you are ensuring they feel comfortable going to you when they or your property needs your attention," Deloney said.
The writer of the article also asked Deloney to name one key thing that newbies should know before he or she welcomes a first tenant.
"Have fun! While there is a lot of technical parts of having a tenant in your property, it is also a great opportunity to meet new people and build your resume as a top-notch property manager, professional, and entrepreneur," Deloney said, adding that if more help is needed, the homeowner can always hire a professional property manager for assistance.
"One of the key ways investors can make money in real estate is to become a landlord of a rental property. And while managing properties and real estate investing altogether is not just a walk in the park, it has still proven to be the best investment today that's why I stuck with it."
About Winston Deloney:
Winston Deloney is a Chicago, IL based real estate investor, passionate entrepreneur, and a self-proclaimed foodie. To follow Winston Deloney's journey on his personal blog, please visit https://thewinstondeloney.wordpress.com/.
Contact:
Winston Deloney
[email protected]
773-453-5132
SOURCE: Winston Deloney