Reasons and Ways to hold onto good Tenants

1
Reasons and Ways to Hold on to Good Tenants

• Houserie

2
Turnover Costs

• When a tenant chooses not to renew their lease,
  it could cost the property owner thousands of
  dollars
• Turnover costs include carpet cleaning, painting,
  rent lost for days vacant, and more

3
Clean Up Costs

• When a tenant moves out, the property needs to be
  thoroughly cleaned
• Carpets and appliances need to be cleaned or
  replaced and painting might be needed as well
• Small repairs might be necessary

4
Empty Unit Costs

• Loss of rental income
• Advertising costs to find a new tenant
• Fixed costs such as utilities and taxes will
  still have to be paid

5
Neighborhood Stigma

• A high tenant turnover rate will have a negative
  impact on the neighborhood/community
• Tenants that have lived in a property a long time
  are more likely to give a positive review

6
Good Tenants are Hard to Find

• Tenants with a good credit score and background
  check and who take good care of your property are
  not easy to find
• Its important to keep them happy when you find
  them as tenant turnover is expensive

7
Be Accessible

• Tenants are unlikely to renew a lease with an
  absentee landlord
• Respond to all reported issues asap be honest
  and dont delay

8
Go Above and Beyond

• Making your property stand out will help your
  tenants choose to stay
• Providing extra services like parking lot
  lighting, commercial garbage bins, and extra
  landscaping and cleaning around the property will
  be welcoming

9
Appreciate Your Tenants

• Offer discounts for paying in advance or
  automatic payments and small gifts for special
  occasions
• Be a landlord that is personable and reasonable
  and keep the lines of communication open

10
Proper tenant screening will ensure you are
getting the best possible tenant!Check us out
today http//www.houserie.com