What is a super-tenant? This is a person that we refer to as a resident that not only lives on your property, but also helps to maintain it. This is done in exchange for free or partial rent. They may be asked to uphold a few responsibilities that others do not, such as cleaning the common areas or handling maintenance issues as they arise. Typically, you can find them through a small newspaper advertisement that you post for a short period of time or offer the position to one of the residents already living on your property that you currently trust. They can be inexpensive and take many of the headaches out of being a landlord.
What can make a tenant so special you would want to call them the “Super” tenant? Well, look at it like this, maybe they should have considered a “superintendent-tenant, but they can still be super. residents, fix minor repairs, among others things.
Really, they act as a superintendent. They will manage the property for you. You are really in control of how much control you choose to give them. In return you will either discount their rent or provide free room and expenses for them so that you do not have to be available 24-hours a day and you are basically free of all management except for collecting rent checks.
Some of the property management you can train your Super-Tenants to do:
1. Clean the common areas of the house including snow removal and grass mowing.
2. Give out weekly statements to other residents.
3. Show rooms to potential residents.
4. Post notifications to tenants failing to pay.
5. Minor repairs needed at the home.
6. Garbage removal once a week as scheduled.
7. Reporting any issues that may be a concern to property owners.
They are your eyes and ears when you are no around. As things arise they can help you run everything smoothly. Renting out your home is easy with a “Super-tenant.”
Take your time selecting a super-tenant. They may provide you with years of hands-free property management while you are renting a home out to more than one resident. You are providing a great service to them by giving them a great property to live in. It then serves as a win-win for everyone!