The secret to an earning Castro Valley rental home is all about captivating and keeping prime tenants. This means spotting tenants who pay at the appropriate time, manage the property, and hit it off well with the neighbors. But just because you’ve occupied the vacancy doesn’t mean your job has ended. One of the main missteps a property owner can make is pushing away those same tenants resulting from inattention or a communication problem.
Well, there are many things property owners can accomplish to retain a fair tenant. In all likelihood, the simplest and most crucial tactic is to build good relations with the tenant by checking in on them once in a while. Good tenant communication can go a long way toward a happy, satisfied tenant.
This program works smoothly when merged with a second, evenly important plan: being proactive about maintenance and repair. Tenants love to reside in a home that is in good condition and respect a landlord who not only addresses well-timed repair requests but also brings about consistent maintenance without being sought. A property owner who presents appropriate property maintenance practices will ideally inspire their tenants to bring about their part too.
Besides regularly scheduled maintenance, owners can build up tenant retention by involving the tenant more openly in maintaining the property. Start asking the tenant how they are feeling with the rental home and if there is something that requires maintenance or repair. Several owners refrain from asking such questions, afraid that tenants will ask for uneconomical or ridiculous fixes or replacement components. But weigh the alternative: if the tenant leaves, you’ll wind up spending far more in looking to replace them and prepping the property for a new tenant compared to acquiring that up-to-date dishwasher (or carpet, or sprinkler repair) they wanted.
If, in any case, a quality tenant is thinking of moving, try to determine why they are getting out and whether there’s anything you could do to help them remain. Mostly, if a tenant is moving to a new rental house in the same region, there’s a specific reason that can be countered or an obstacle that can be overcome. Always remember that keeping a quality tenant is a far more profitable strategy than operating a revolving door rental house.
To conclude, tenant retention is an art that can be learned and improved through time. The silver lining is that the professionals at Real Property Management Masters can work together with you. We understand what it takes to search for and retain quality renters in Castro Valley. We make healthy tenant relationships look easy and can take care of the day-to-day communication for you. If you want to understand more contact us online or by phone at 510-398-8704 and we would be delighted to give you a hand with your tenant relations today.
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.
