Top 5 Mistakes Made By Landlords with Houses to Rent in Laos
Building houses for rent in Laos can be a very successful investment. Apartments and other rental buildings all present excellent long term opportunities but landlords need to avoid some basic mistakes if their property portfolio is to be lucrative. If landlords are to be successful they need to avoid a few basic errors including these top five common mistakes.

1. Not Creating a Clearly Understood Rental Agreement
Lessees look for houses to rent in Laos for a wide variety of reasons. Some are looking to rent for business and others look to rent to find a home of their own. So, landlords need to have a clear understanding of their prospective tenant’s requirements before signing an agreement. This is important for both landlord and tenant if they are to avoid unnecessary complications and disputes.

2. Failing to Undertake Repairs and Maintenance
Landlords must make sure they understand their responsibilities. It is crucial for a landlord as most tenants understand their rights very well. If damage occurs that is not caused by the tenant, if it is caused by fair wear and tear, the landlord needs to repair the damage quickly and effectively. Where a landlord fails to undertake repairs they risk loss of rental or legal action. They also risk damage to their good reputation as a landlord, affecting their ability to secure good tenants in the future.

3. Charging Rent that is Too High
Charging rentals that are too high risks you having no tenants in the long run. Even though you may have a tenant, if your rent is too high, when it comes to renewing the contract they may well go elsewhere. You will then have to find another client with all the risks that entails. Keep your rent reasonable and you will keep your reliable tenants. We can help tenants and landlords agree suitable rents that are competitive and compare well with other rents in the neighborhood to satisfying both sides.

4. Not Having a Property Manager When You Have Houses to Rent in Laos
Having houses to rent in Laos means a landlord needs to be able to respond to problems as they arise. Problems can be to do with the upkeep of the property, attending to fair wear and tear. No matter how careful your tenants are, or how new your property is, things wear out and can sometimes go wrong.
Alongside repairs you will have regular bills such as electricity and water that need to be paid promptly. Tenants can also cause problems by breaking the terms of their lease in a number of ways. Not paying rent, causing damage in the property, or causing disturbances all need to be dealt with quickly.
In both these cases not having a property manager can mean problems. A landlord has to spend time sorting out disputes. They may also be landed with problems they do not have the skills or knowledge to deal with.

5. Not making Enough Checks on Potential Tenants
Landlords are always keen to see tenants in their real estate. Even so, you still need to check your tenant’s credentials before you sign a contract and hand over the keys. Find out if your prospective tenant is who they say they are. Can they afford to pay the rent? Are their business activities sustainable? Even if they are desperate, do not take a cash deposit without completing detailed background checks.
Effective House Rental in Laos
Problem free house rental in Laos is easily achieved. Make sure tenant disputes, maintenance issues and rental collections are all handled professionally by using our property management services. Contact us on +856 20 2389 9999 for more details.