The new year is a natural time to reflect and set goals, especially if you are a landlord looking to enhance your property management practices. With a few strategic resolutions, you can position your rental business for success while creating a better experience for your tenants.

Here’s how you can elevate your property management game in 2025:

Require Renters Insurance in Lease Agreements

Protecting your property and your tenants’ peace of mind is a win-win. Adding a renters insurance requirement to your lease agreements helps safeguard against risks like tenant-caused damages or accidents. With a streamlined approval process, tenants can secure coverage without the need for Social Security or credit checks. Plus, they can manage their policies and updates through an easy-to-use online portal.

Simplify Tenant Screening

Finding the right tenants is critical for long-term success, but it doesn’t have to be a headache. With the SmartMove program, you can access comprehensive credit checks, eviction history, and criminal background checks in minutes. This tool simplifies screening and ensures you’re making informed decisions, whether you manage one property or several.

Review Your Insurance Coverage

Your rental business is evolving, and your insurance should, too. An annual policy review with your Millers Mutual agent helps to protect you from emerging risks. Discuss options like data response and cyber liability insurance, commercial umbrella insurance, or tailored endorsements to cover specific needs. Stay one step ahead by optimizing your coverage.

Prepare an Emergency Action Plan

Emergencies can strike at any time, but being prepared can mitigate damage and protect everyone involved. The Red Cross’ Ready Rating Program offers customizable emergency action plan templates, making it easy to get started. Implementing a plan helps you to be ready to handle the unexpected with confidence.

Invest in an Energy Audit

Cut energy costs while increasing your tenants’ comfort by scheduling a professional energy audit. These assessments identify areas where your property can improve efficiency, from insulation upgrades to smarter HVAC use. Many state energy offices can connect you with resources for audits, offering valuable guidance to make your properties more eco-friendly.

Enhance Curb Appeal

First impressions matter. A welcoming, well-maintained exterior attracts tenants and sets the tone for their experience. Small, budget-friendly upgrades – like fresh landscaping or a new coat of paint – can make a big impact. Explore affordable ideas from the National Apartment Association to boost your curb appeal without breaking the bank.

Strengthen Tenant Communication

Clear, open communication fosters trust and reduces misunderstandings. Establish reliable channels for tenant updates, maintenance requests, and feedback. By investing in effective communication practices, you’ll not only improve relationships but also create a smoother, more collaborative rental experience.

Your 2025 Game Plan

Starting the new year with these resolutions can help you stay ahead of the curve, protect your properties, and improve tenant satisfaction. And with Millers Mutual by your side, you’ll have the tools and support you need to achieve your goals. Ready to take the next step? Connect with us today to explore our full suite of insurance solutions tailored to landlords.