The secret to making your Clovis rental home profitable is drawing and keeping high-quality tenants. This means getting tenants who pay their rent promptly, look after the property, and get along well with the people in the neighborhood. But just because the vacancy has been filled, it doesn’t mean that the work is done. One of the bigger mistakes that a property owner can do is to push those same tenants away because of negligence and/or poor communication.
It’s good that there are many things that property owners can do to keep high-quality tenants. Possibly the most important approach you can take is to establish a good relationship with the tenant. You can do this by checking in on them regularly. Good tenant communication can go a long way toward a happy, satisfied tenant.
This technique is very effective, and it works best when combined with a second, equally important strategy: being proactive with the upkeep of the rental homes. Tenants want the homes they stay in to be in good condition and also really appreciate it when the landlord works hard to keep it that way. They expect landlords to answer repair requests promptly, but on top of that, they really like it when regular maintenance is performed without having to be asked. A property owner who shows good property maintenance practices will be an inspiration for the tenants and influence them to do their part as well.
Along with regularly scheduled maintenance, tenant retention can be enhanced by involving the tenants in the caring of the property. Think about asking the tenant how they are liking the rental home and if they need anything repaired or serviced. Some owners stay away from asking such questions, thinking that tenants will request for highly extravagant items or unreasonable repairs. But look at the alternative: if the tenant leaves, you’ll end up spending a lot more money replacing them and getting the place ready for a new tenant than fulfilling their request for that new dishwasher (or carpet, or stove repair).
In the event that a quality tenant is thinking about moving, look for the reason why they’re entertaining such a thought. Once you know the reason, find out if there is anything you can offer them to stay. If a tenant is transferring to another rental house in the same general area, it often means that there’s a specific reason that can be countered or an obstacle that can be overcome. Remember, keeping a quality tenant is a far more profitable strategy than operating a revolving door rental house.
In the end, tenant retention is a learnable skill that can be developed further over time. The good news is that Real Property Management Platinum have experts willing to help you. We know what it takes to find and retain high-quality renters in Clovis. We make healthy tenant relationships look easy and can take care of the day-to-day communication for you. Feel free to contact us online or by phone at 559-324-9400. We’ll be glad to help you with your tenant relations.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.