It is a lot harder for you to get new tenants than it is for you to keep your current ones. The best thing that you can do to retain tenants is to keep them happy. You can keep your tenants happy by doing the following.
Fulfill Maintenance Requests Quickly
One of the reasons that tenants get frustrated with their landlord is because it takes too long to get the repairs done. That is why it is important for you to fulfill maintenance requests as soon as you can. You may also want to offer things like carpet cleaning or professional cleaning. This may give them an incentive to renew their lease.
Go Over the Lease With Your Tenants
Many tenants do not know exactly what is expected of them. There may be things in their lease that they do not understand. That is why it is a good idea for you to go over it with them. You should also tell your tenants that they can ask questions if there is something that they need clarification on.
Encourage Tenants to Sign a Longer Lease
Every tenant has different rental needs. There are some tenants who only need a place for a few months. However, if you have a tenant who does not plan on moving, then you should encourage them to sign a longer lease. You should also give them a discount for signing a longer lease.
Send Out Reminders When the Rent Is Due
People today are busy. That is why even if a person knows that their rent is due on a certain date each month, they still may forget to pay. You can make things easier for your tenants by sending out a reminder a few days before the due date. You should also waive the late fee if the tenant has consistently paid on time.
Keep Everyone Safe
Safety is one of the most important things that tenants look for in a property. You should do everything that you can to stay safe. Make sure that the property is well-lit. You can also hire a security guard.
Reward Your Tenants
Everyone loves rewards. There are several ways that you can reward your tenants for staying. For example, you can give them a gift card when they sign their lease.
Enforce the Rules
Rules help everyone live in peace. You should encourage everyone to follow the rules and make sure that they are enforced. There should also be swift consequences for anyone who decides to disregard the rules.