5 Tips For Keeping Great Tenants In Your Properties

 

The number one dream of all landlords is to secure great tenants who will pay rent on time and take care of your property. In this day and age, that seems to be a tall order. We have all heard the horror stories of some tenants trashing houses and disappearing overnight, leaving landlords to clean up the aftermath.

If you are a new landlord, there are some tactics that you can use to avoid being duped by your tenants. Here are five excellent tips to ensure that you have a healthy and happy relationship with yours:

1. 1. Allow Pets

Finding great tenants is one thing - keeping them in the long term is another. Tenants with glowing references will have the pick of the litter when it comes to securing their next home. Keep them renting your property by allowing pets.

This minor, yet meaningful, change will make all the difference. Many young families with children will want to get a cat or a dog along with the way, don’t make that the reason they don’t renew their lease with you.

1. 2. Go Green

So many tenants are growing increasingly conscious of their carbon footprints – make their decision to stay easier for them by converting your rental home into an eco-friendly oasis.

Make the change to solar energy or gas today, not only will that attract the best tenants, but it will also save you both money in the long run.

1. 3. Property Managers

Research the best rental property management companies in Mississauga. They will take the pressure off you to secure the best people to rent your house.

Any issues your tenants may have during their lease will be sorted by your professional management team, leaving you to focus on the more important things in your life. Property managers are well worth their fee, especially if you have multiple properties to manage.

1. 4. Upgrade Interiors

You would be surprised at what a huge difference a simple coat of paint can make to a house. It will instantly make the place look newer and cleaner, meaning that your tenants will be more inclined to renew.

Over time, regular wear and tear will occur, and your rental home will need a bit of TLC to keep it attracting the best of the best in the tenant world.

1. 5. Do Regular Maintenance

When something breaks, fix it as soon as possible. That way no one has to be left feeling frustrated or annoyed. Your tenants will appreciate the speedy assistance and be happy to sign a renewal on their lease.

That is often a requirement of the landlord, but many landlords leave things to the last minute to fix – which helps no one. Don’t make the situation worse by taking your time to fix things.

If you use a good property management company, they can take care of the nitty-gritty of repairs and maintenance so that you don’t have to worry.

To End

Keeping good tenants doesn’t have to be a complicated process; if you take care of them, then they will take care of your house – it can be as simple as that.