A profitable rental home’s secret is attracting and retaining high-quality tenants. This signifies finding renters who pay on time, care for the property, and get along pretty well with the neighbors. But just because you’ve filled the vacancy doesn’t imply your job is over. One of the biggest mistakes a property owner can make is dissuading and eventually driving away those same tenants because of negligence or poor communication.
Building Strong Tenant Relationships Through Proactive Communication and Maintenance
Fortunately for you, there is a lot that property owners can do to keep a good renter. Perhaps the most uncomplicated and essential approach is to establish good relations with the tenants by checking in on them at regular intervals. Good communication can go far toward an ecstatic, satisfied tenant.
This strategy works pretty great with a second, equally relevant process: being proactive about maintenance and repair. Residents want to dwell in a home that is in good condition and like a landlord who responds promptly to repair requests and performs regular maintenance without being demanded from. A property owner who always demonstrates good property maintenance practices will also definitely better inspire their tenants to do their part.
Boost Tenant Retention with Open Communication and Solutions
Besides regularly scheduled maintenance, owners can enhance tenant retention by providing them with more direct involvement in caring for the property. Ask the tenant how they like the rental home and if anything needs maintenance or repair. Most owners hesitate to ask such questions, apprehensive that renters will ask for expensive or unreasonable repairs or replacement items. But, in contrast, consider the alternative: if they move out, you’ll spend far more replacing them and preparing the property for a new tenant than buying that new dishwasher (or carpet or sprinkler repair) they want.
If a quality renter is thinking about a move, try to find out why they are leaving and whether there’s anything you could offer them to stay. Usually, if a tenant is moving to another rental house in the same area, there’s a particular reason that can be countered or an issue that can be solved. Always keep in mind, keeping a quality renter is a much more profitable strategy than working a revolving door rental house.
In the long run, tenant retention is an art that can easily be learned and developed in the long term. The joyful news is that the professionals at Real Property Management Perfection can competently help. We determine what it takes to find and retain quality renters in the Davidson County area and nearby. We make establishing healthy tenant relationships look very manageable and can take charge of your incessant, daily communication. If you want to discover more contact us or call 336-510-9975.
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.
