A profitable rental home’s secret is attracting and retaining high-quality tenants. This denotes finding renters who pay on time, care for the property, and click well with the neighbors. But just because you’ve filled the vacancy doesn’t certainly mean your job is over. One of the biggest mistakes a property owner can make is turning or chasing away those same tenants because of negligence or poor communication.
Building Strong Tenant Relationships Through Proactive Communication and Maintenance
Fortunately, there is, in fact, a lot that property owners can do to keep a good renter. Perhaps the most convenient and significant method is to establish good relations with the tenants by checking in on them once in a while. Good communication can be a big thing toward a gratified, satisfied tenant.
This strategy works well enough with a second, equally crucial manner: being proactive about maintenance and repair. Residents want to be occupying a home that is in good condition and like a landlord who responds promptly to repair requests and performs regular maintenance without being called for. A property owner who depicts good property maintenance practices will moreover 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 bringing about for them a more direct involvement in caring for the property. Ask the tenant how they really feel about the rental home and if anything needs maintenance or repair. Most owners hesitate to ask such questions, worried that renters will order for expensive or unreasonable repairs or replacement items. But, however, think of the alternative: if they move out, you’ll spend far more replacing them and preparing the property for a new tenant than having that new dishwasher (or carpet or sprinkler repair) they want.
If a quality renter is contemplating a move, try to determine why they are leaving and whether there’s anything you could offer them to stay. As a rule, if a tenant is moving to another rental house in the same area, there’s a specific reason that can be countered or an issue that can be dealt with. Bear in mind, keeping a quality renter is a substantially more profitable strategy than, in fact, working a revolving door rental house.
At the end of the day, tenant retention is an art that can be totally learned and developed as time follows. The most amazing news is that the professionals at Real Property Management of the Triad can completely help. We determined what it takes to discover and retain quality renters in the Winston-Salem area and nearby. We make caring for healthy tenant relationships look pretty easy and can tackle your regular, everyday communication. If you want to understand more contact us or call 336-355-6666.
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.
