A profitable rental home’s secret is attracting and retaining high-quality tenants. This suggests finding renters who pay on time, care for the property, and live in harmony with the neighbors. But just because you’ve filled the vacancy doesn’t signify your job is over. One of the biggest mistakes a property owner can make is unknowingly driving away those same tenants originating from negligence or poor communication.
Building Strong Tenant Relationships Through Proactive Communication and Maintenance
Fortunately, there is, in point of fact, a lot that property owners can do to keep a good renter. In all likelihood, the easiest and crucial approach is to establish good relations with the tenants by checking in on them regularly. Good communication can certainly go a long way towards a delighted, satisfied tenant.
This strategy works quite well with a second, equally essential step: being proactive about maintenance and repair.
Residents want to find a home that is in good condition and respect a landlord who responds promptly to repair requests and performs regular maintenance without being asked. A property owner who consistently demonstrates good property maintenance practices will likewise better inspire their tenants to do their part.
Boost Tenant Retention with Open Communication and Solutions
Coupled 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 consider and like the rental home and if anything needs maintenance or repair. Various owners hesitate to ask such questions, worried that renters will call for expensive or unreasonable repairs or replacement items. Still, contemplate the alternative: if they move out, you’ll spend far more replacing them and preparing the property for a new tenant than acquiring that new dishwasher (or carpet or sprinkler repair) they requested.
If a quality renter is seriously contemplating a move, try to know why they are leaving and whether there’s anything you could offer them to stay. Normally, if a tenant is moving to another rental house in the same area, there’s a certain reason that can be countered or a problem condition that can be worked on. Keep in mind always, keeping a quality renter is a much more profitable strategy than, unfortunately, operating a revolving door rental house.
In the long run, tenant retention is an art that can, without hassle, be learned and developed sometime later. The positive news is that the professionals at Real Property Management Qualified can expertly help. We understand what it takes to find and retain quality renters in the Fort Myers area and nearby. We make establishing healthy tenant relationships look very simple and can oversee your daily communication. If you want to find out more contact us or call 239-344-9842.
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.
