A profitable rental home’s secret is attracting and retaining high-quality tenants. This conveys finding renters who pay on time, care for the property, and connect well with the neighbors. But just because you’ve filled the vacancy doesn’t suggest your job is over. One of the biggest mistakes a property owner can make is dismissing and driving off those same tenants for the reason of negligence or poor communication.
Building Strong Tenant Relationships Through Proactive Communication and Maintenance
Fortunately, in actual fact, there is a lot that property owners can do to keep a good renter. Conceivably the simplest and most pertinent system is to establish good relations with the tenants by checking in on them often and regularly. Good communication can go a long way towards a happy and satisfied tenant.
This strategy works certainly well with a second, equally vital approach: being proactive about maintenance and repair. Residents want to dwell in a home that is in good condition and want a landlord who responds promptly to repair requests and performs regular maintenance without being asked for it. A property owner who shows good property maintenance practices will, in addition, better inspire their tenants to do their part.
Boost Tenant Retention with Open Communication and Solutions
In conjunction with regularly scheduled maintenance, owners can enhance tenant retention by providing them a more direct involvement in caring for the property. Ask the tenant how they like or prefer the rental home and if anything needs maintenance or repair. Many owners hesitate to ask such questions, uptight and anxious that renters will oblige and ask for expensive or unreasonable repairs or replacement items. But, on the other hand, regard the alternative: if they move out, you’ll spend far more replacing them and preparing the property for a new tenant than securing that new dishwasher (or carpet or sprinkler repair) they wanted.
If a quality renter is seriously considering a move, try to see why they are leaving and whether there’s anything you could offer them to stay. Mostly, if a tenant is moving to another rental house in the same area, there’s an exact reason that can be countered or a distress that can be rectified. Note that keeping a quality renter is an immeasurably more profitable strategy than working a revolving door rental house.
In reality, tenant retention is an art that can be easily learned and developed later on. The very good news is that the professionals at Real Property Management Landmark can properly help. We ascertain what it takes to detect and retain quality renters in the Uniondale area and nearby. We make fostering healthy tenant relationships look conveniently easy and can take charge of your repeated, daily communication. If you want to discover more contact us or call 516-522-2859.
Originally Published on April 5, 2019
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