Ideas for Getting (And Keeping) Good Tenants, Part Two

Do you remember the last time you moved? Packing all your things, changing your utility companies, finding friends who can help you move, unpacking everything, and trying to make your new home feel like home? STRESS!! A nice thought for your new tenants would be a Welcome Basket. It could consist of a gift card to the local pizza parlor, a bag of popcorn, a coupon for a free movie rental, and a bottle of soda. Or maybe they'd like a bag of bath salts, nice body wash, and some gourmet soaps? How about a bottle of champagne and two glasses to celebrate? After screening your tenants you've learned a little about them and can pick the appropriate basket to help them feel welcomed. Another idea to show your tenants you care about them would be to send them a card on their birthday or an anniversary card commemorating when they moved into your rental. You can even include a gift card as a special way of saying thank you. Doing a little something special for your tenants will set you apart from other landlords and help your tenants appreciate you and their home.

Ideas For Getting (And Keeping) Good Tenants, Part One

Good tenants are a commodity worth investing in. Not only are they hard to find but once you find them you need to give them good reason to stay in your unit. As a rental owner it is...a good idea to not charge too high of rent. If you keep your rents just slightly below market value it helps your tenants WANT to rent your unit and take an active interest in pleasing you as the property owner, thus retaining your interest in them. Lower the rent $25 a month and for $300 a year you're almost guaranteed full occupancy and tenants that care. That's a third a months rent for most rentals. When you have a vacancy it commonly lasts two weeks to a month. Taking into account advertising and cleaning expenses (just to name a few of the expenses you may encounter) the slight reduction in monthly revenue can feel more like money in your pocket.