Four Tenant Retention Tips: Giving Your Tenants A Reason To Stay

Being a property manager, establishing a good relationship with our tenants is important if we want to avoid having too many vacancies at once.

So, for us to encourage a high chance of our tenants renewing their lease agreements, here are what we can do:

Talk to them early. About 12 to 24 months before they reach the end of their lease agreement, we can approach our tenants and start negotiating a renewal.

Answer to their needs A.S.A.P. If they feel like they’re being well-cared for, the higher the chances will be of them renewing their lease agreement and staying longer in our properties.

Answer to their needs A.S.A.P. If they feel like they’re being well-cared for, the higher the chances will be of them renewing their lease agreement and staying longer in our properties.

● It may seem a little costly at first, but we can consider it an investment since it can encourage tenants to stay longer in our properties.

Pay immediate attention to problems. The moment a tenant calls about a problem, we have to see to it that it is being attended to immediately. This is so we can already analyze if it’s a problem that can quickly be fixed or something that needs time.

t’s important that we try to avoid too many vacancies for a steady and consistent income by giving our tenants a reason to stay. www.rentecdirect.com