Tips for Holding On To your Tenants
You always want to find the best tenant possible for your rental property. Click Here for a PDF version to save for yourself
As a landlord you want to make sure you do everything possible to hold on to that Amazing Tenant. You feel lucky you have these tenants and are afraid to lose them, so take some steps to make sure you have a good relationship, communication and keep them happy.
Here are a few tips to keep in mind:
- Problems & Requests - If you have a call from your tenant regarding a problem make sure you follow up as soon as possible. Tenants are usually not allowed to make repairs to property unless you have prior arrangement with the Tenants. Follow up with any issues and resolve them to relieve frustration by your Tenants.
- Appliances & Equipment – If you use higher quality appliances, Material and workmanship you will always get better results. Don’t break the bank and spend wisely. This applies to your own home or to your Rental Property. Tenants will appreciate the quality of work you put out and when it comes time to Increase rent or renew your lease they will remember all aspects of the quality you placed on your property.
- Response – With Technology these days, you can reply to requests pretty quick and let you tenants know you are there and will take care of issues. Make it a priority to at least acknowledge tenant comments. Since we are all connected these days use your email, text, phone, voicemail or whatever and start the process quickly.
- Landscape – If you have a garden at your Rental Property, make sure you are taking care of it with your standards. Hire a professional Gardner and make sure they are doing their job and the property keeps up its curb appeal.
- Maintenance – Take time and perform regular maintenance on all appliances needing work. Any common areas you might have which are your responsibility along with Vents, lighting, electrical, pool/spa etc.
- Communication – Keep in touch with your tenant. Some landlords would like to have minimum talk with their tenants wondering if they will bother them on each call regarding an issue. It’s best to keep the lines of communication open and let them know you are there if they need anything.
- Rent $ – Raising the monthly rent is a question each Landlord needs to answer based on their own situation. If you have obligations which need to be addressed every then you have to do what makes sense to you, but be aware raising rents on renewal might cause that good and amazing tenant to start looking. Take the time and see if you really need to raise rental rates and do your research in the market to see what is the going rate before you approach the tenants prior to renewals.
- Privacy – Do not be a nosy Landlord. Do whatever background and credit check, sign the lease and leave your tenants alone. Do not enter the property just to check up on tenants. If you want to visit call in advance and setup and appointment time, this way even if you are being nosy it’s planned and your are not invading on their privacy.
Final Thoughts : Take the time and find that amazing tenants, knowing all along that they will leave at some point for whatever reason. When you do sign them up, do your best from the above list and add your own as you go along and keep your Tenant Happy.
If you have additional questions or comments Please contact me. I provide my Realtor services to my clients in Southern California (Irvine, Newport Beach and Surrounding Cities). Also, if you are relocating (Internationally) or looking for vacation rentals let me know.
If you find a property you like please let me help you register for IrvineVillage Home and get you started on your journey to your New Home Ownership in Irvine. If you are looking to purchase or relocate to an existing homes in Southern California (Irvine, Newport Beach) I can get you custom research and start you on your way.
Keller Williams OC Coastal Realty