As all landlords may already be aware of, keeping your tenants for the long-term is way cost-effective and hassle-free than finding them continuously. Hence, the primary goal of every landlord should thus be maintaining high-quality living and providing numerous perks to the tenants so that they don’t consider moving after a while.
However, the landlord should be able to find the right tenant first. Every potential applicant should go through a detailed screening process, including background research and behavior analysis to make sure they won’t cause problems later. Evaluating the potential tenants will also make sure they won’t damage the property according to their whims.
How to define the right tenant?
The right tenant is the one, who pays the rents on time and doesn’t think about moving every time they face a problem. They should also be open to discussions in case a problem arises and their objective should be to resolve the issue and not quit right away. Unreliable tenants can be a bigger problem for the property owners, as they can move without a proper reason or explanation.
As a landlord, it may not be possible for you to run the background check for each potential tenant. Well, you can always hire professionals, for example, the experienced property managers at Bottom Line Realty & Management, to screen every applicant before finalizing anyone. It’s also necessary to find a tenant, who will treat your home as theirs, and the professionals will look into such factors while assessing the background of the applicants.
After finding the right tenant, you should make sure they stay for long. The following factors influence the tenant’s decision, and you should do everything in your ability to ensure the same.
Make them comfortable
For the tenants to treat the property as their home for a longer duration, you should make them feel as comfortable as possible in their new home. Attend to their relevant queries and resolve issues related to repair and maintenance as soon as possible. You should also give them the freedom to live on their terms without posing any danger to the property.
More flexibility, proper tenant query handling, and quick repair services are the three tricks to help your tenants feel at home. Further, you should also call them up regularly to know if they’re facing any issue and take the necessary steps to resolve the same. This way, your tenants will feel taken care of, thus increasing their interest to stay.
Provide work amenities
Long-term tenants may also be looking for a property, which provides seamless work amenities like proper work desks, seamless WiFi connection, dedicated workspaces, enhanced lighting and more. Make sure you provide all these facilities to the potential tenant, who may have had a hard time looking for the same.
Safety is a key concern for people coming from other cities, and you should leave no stone unturned to ensure the same. Install security cameras and burglar alarms on the premises, as well as check the garage doors to see if they are in the right condition. You can also install some bright lights on the porch and garage windows to take the security measures a notch higher.
If your tenants feel comfortable, safe and at ease, they will definitely stop looking for other options. You can follow up with them from time to time and help them get the most out of your property. That way, you’ll develop a good equation with your tenants, who will be pleased with your dedication and may even extend their stay.