How do I keep my tenants happy?
Table of Contents
How do I keep my tenants happy?
Tips for Keeping Your Tenants Happy
- Be Transparent. The straightforward approach is the only way to go as a landlord.
- Stay Professional. If you like your renters personally, good for you.
- Respond Quickly.
- Repair Quickly.
- Keep Up With Maintenance.
- Address Problems Immediately.
- Express Appreciation.
How do I make my rental property value more?
7 Rental Property Renovations to Increase Value
- Renovate the Kitchen.
- Remodel the Bathroom.
- Update Curb Appeal.
- Install New Floors.
- Paint and Update Easy Fixes.
- Create an Open Floor Plan.
- Add Popular Amenities.
How do you beat a potential landlord?
Bring the following information to your meeting with the landlord or property manager so you can fill out your application on the spot:
- References. Have a written list of at least three references.
- Past rental or residence information.
- Proof of ability to pay.
- Financial information.
- Pet data.
- Liquid funds.
What are two reasons for taking good care of a landlords property?
Why You Should Take Care of Your Rental Property
- Happy Renters. Happy renters are key to a successful rental real estate business.
- Tenant Safety. Caring for your rental property means more than a fresh coat of paint.
- Avoid Insurance Issues.
- Higher Rents.
- Property Appreciation.
- Investment Protection.
What are the qualities of a good tenant?
Nine Qualities that Make a Good and Dependable Tenant
- Provides a Good Detailed Application.
- Has a Good Record.
- Easy to Communicate with and are Respectful.
- Pay Rent Timely.
- Accommodating.
- Cares for the Property.
- Maintenance Issues are Communicated.
- Adheres to legislation and terms of the Tenancy Agreement.
Why do good tenants leave?
They may have found a cheaper, more modern rental with some great amenities. Perhaps the building, or neighborhood is changing or going downhill. They’re all signals of tenant turnover. Sometimes tenants make a bad move and move onto another rental, where they’re less happy.
What adds rental value?
There are all kinds of unique upgrades that landlords can do to the rental property that will boost the value. Ideas include installing tankless water heaters, surround sound systems, hard landscaping, siding, and even adding some square footage, like an additional bedroom or bathroom.
How often should you decorate a rental property?
every five to six years
There’s no legal timescale for repainting a rental property. However, it’s wise to keep your property in good condition, both for the benefit of your current tenants, and to make it easier to attract new ones. Many landlords recommend repainting (or completely redecorating) once every five to six years.
What are good questions to ask a landlord?
12 Questions to Ask a Landlord Before Renting
- How Long Is the Lease Term?
- What’s Included in the Rent?
- When Is Rent Due and How Do I Pay It?
- Is the Security Deposit Refundable?
- Is Renters Insurance Required?
- How Much Notice Do I Give Before Vacating?
- What’s the Penalty For Breaking My Lease?
What makes a great tenant answer?
A good tenant is an honest tenant that does not lie about making rent, their employment status, and any damages that have occurred during their time as a lessee. During the application process, test the honesty of a potential tenant by verifying the information on their application.
How do you take care of a rental property?
Treat Your Rental Property With The Utmost Care With These Tips For Long and First Time Renters.
- Know your lease.
- Get a renters insurance quote.
- Prepare for move-in day.
- Keep it clean.
- Consider additional security.
- Use a storage unit.
- Redecorate to make it your own.
- Consider getting involved with a community garden.
Why is it important to maintain your property?
Property maintenance can help to keep rental yields high and potential for capital gains up as well. Without regular maintenance, it’s possible that a commercial building can fall into a state of disrepair and lose value.