A profitable rental home’s secret is attracting and retaining high-quality tenants. This spells out finding renters who pay on time, care for the property, and live amicably with the neighbors. But just because you’ve filled the vacancy doesn’t express your job is over. One of the biggest mistakes a property owner can make is inadvertently driving away those same tenants for the reason of negligence or poor communication.
Building Strong Tenant Relationships Through Proactive Communication and Maintenance
Happily, there is a lot that property owners can do to keep a good renter. Maybe the most effortless and weighty approach is to establish good relations with the tenants by checking in on them occasionally but regularly. Good communication can do a great deal toward an assured, satisfied tenant.
This strategy works full well with a second, equally essential course of action: being proactive about maintenance and repair. Residents want to be residing in a home that is in good condition and honor a landlord who responds promptly to repair requests and performs regular maintenance without being requested from. A property owner who demonstrates good property maintenance practices will definitely better inspire their tenants to do their part.
Boost Tenant Retention with Open Communication and Solutions
Other than regularly scheduled maintenance, owners can enhance tenant retention by conferring a more direct involvement in caring for the property. Ask the tenant how they are enjoying the rental home and if anything needs maintenance or repair. A lot of owners hesitate to ask such questions, fearful that renters will plainly ask for expensive or unreasonable repairs or replacement items. But, really, weigh the alternative: if they move out, you’ll spend far more replacing them and preparing the property for a new tenant than simply purchasing that new dishwasher (or carpet or sprinkler repair) they asked you for.
If a quality renter is looking to move, try to understand why they are leaving and whether there’s anything you could offer them to stay. Customarily, if a tenant is moving to another rental house in the same area, there’s a clear reason that can be countered or a problematic matter that you can find a solution to. Do not forget, that keeping a quality renter is a vastly more profitable strategy than simply operating a revolving door rental house.
In the long run, tenant retention is an art that can be properly learned and developed in due course. The fantastic news is that the professionals at Real Property Management Associates can capably help. We fully comprehend what it takes to meet and retain quality renters in the Quincy area and nearby. We make cultivating healthy tenant relationships look so easy and can monitor your day by day communication. If you want to know more contact us or call 508-509-4485.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
