Retaining your best tenants is easy — you just have to understand what tenants want.
For instance, when tenants choose a home to rent, they don’t just consider the location, or the amenities of a particular unit. They are looking for something in addition: good service from the landlord.
On the top of most tenants’ wish list is a professionally managed property. In fact, tenants see that as part of the bargain — something they pay for each month.
Give tenants good value for their rent by:
Keeping on top of safety issues — a top concern for tenants. Make sure outdoor lighting is well-maintained, cutting down on both crime and injuries. Locks should be in good working repair, and access routes should be clear and visible. Run tenant background checks before bringing in any new tenants. Also, maintenance workers should be properly screened before gaining access to a tenant’s unit.
Properly maintaining the rental is key to tenant satisfaction. Be a good example by tending to the property regularly and making speedy repairs.
Cracking down on bad tenants. The best tenants are counting on their landlord to lay down the law and enforce the rules that keep the community running smoothly. If the landlord is lax, it’s the bad tenants who benefit. They’ll want to stay, while the good ones will want to find somewhere more suitable to live.
This post is provided by Tenant Verification Service, Inc., helping landlords reduce the risks of renting with fraud prevention tools that include Tenant Screening, Tenant Background Checks, (U.S. and Canada), as well as Criminal Background Checks, and Eviction Reports (U.S. only).
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Disclaimer: The information provided in this post in not intended to be construed as legal advice, nor should it be considered a substitute for obtaining individual legal counsel or consulting your local, state, federal or provincial tenancy laws.