Ways to Retain Your Best Tenants

Ways to Retain Your Best Tenants

Tenant turnover will cost you time, effort, and money. Reducing or eliminating your turnover expenses by keeping good tenants longer can help you to be a more profitable landlord. There are many advantages to keeping tenants longer.

1. STAY ON TOP OF MAINTENANCE.

Keep your tenant happy by being proactive with property maintenance and routinely performing property inspections. Few things are more frustrating for a tenant than having unaddressed maintenance requests. Being proactive with maintenance helps keep your tenant happy (no one wants to live with a clogged sink), and shows them that you want to give them a nice place to live. This can be a big deciding factor when your tenant is considering a renewal. Incentives like carpet cleaning or a deep cleaning by a maid service could be very attractive to long-term renters and make them feel appreciated, without breaking the bank.

1. BE A GOOD LANDLORD

You shouldn’t underestimate the importance of the human factor when it comes to tenants. Your renters will be more likely to want to stay if you’re a good landlord. Be timely with your responses and make it easy for the tenant to contact you. Maintain open communication to reduce misunderstandings and create a better overall tenant-landlord relationship. Being courteous and respectful goes a long way to make a tenant feel comfortable in the unit.

1. KNOW WHAT TENANTS WANT MOST

It’s important to know what factors tenants look for in a rental property so you can cater to their needs. For many tenants, especially younger Americans, lifestyle quality is a major factor in whether they decide to stay or go. You may own the property, but the tenant should be able to consider it their home. There are ways you can promote this atmosphere, and in doing so, encourage your tenants to stay longer.

Nimmadhi Property management can help you boost renters’ satisfaction, as well, by being responsive to tenants’ concerns regarding the property.

Nimmadhi team can help you manage your investment without the hassle. We provide services, from property maintenance to tenant screening, enabling you to extend the tenancy of your renters.