Landlords and leasing agents focus on getting the best tenant they can find. Your job includes scrutinizing applicants to obtain tenants who dutifully follow the rules, pay the rent on time, and care for the rentals as if they own them. Once you have that perfect tenant, the landlord would not want to let them go.
But finding a good tenant is not enough. You have to match them with an equally good landlord and service. The renters would also want someone they can turn to when they have problems with their rentals, someone approachable and fair. If you combine that with a good property rental, the tenants will likely renew their lease.
Once the tenant decides to stay and start a new lease, the landlord will continue to gain income and save money on cleaning and advertising. They will also avoid the dreaded doubt of taking new people into their properties. So, allow me to share a few pointers about how to keep good tenants. But you have to make sure to let the landlords know.
Having a good landlord
A lease agreement involves two parties-landlord and tenants. With that fact, everyone has their corresponding responsibilities and roles. Tenants will want to stay in a rental if they have a great landlord. A good property manager always makes sure the renters have what they need.
Tenants like it when their landlord responds immediately and takes care of rental-related issues before they escalate. They also prefer landlords who show them respect and courtesy. Once the tenants find the property manager approachable and kind, they will have no problem following the rules and paying the rent.
Provided preferred amenities
Your job as an agent includes knowing what the customers want in a rental. Sometimes new products or trends emerge, and you should pick out what the tenants will likely look for during the screening. Do they want a rental with a garden or modern appliances? Do they want a secure and safe neighborhood?
If the rental has a university in the area, you may want to market to student tenants. I’m sure they want their homes to have fast internet connections, common areas for studying, and in-house laundry rooms. Essentially, you have to give them what they want.
Fair treatment
A landlord may have more than one tenant at a time, especially if he has a multi-family property. If that’s the case, he should remember to treat his tenants equally. No tenant should feel singled out because they will think it is personal.
Landlords should not target tenants of specific gender, race, or religion. They must remain fair in how they deal with all their tenants. Of course, they might encounter problematic renters, but that’s a different story.
Landlords taking the initiative on lease renewal
If the tenants have not indicated their desire to renew their lease, landlords can reach out first. They can ask to meet with the renters at least ninety days before the contract ends and offer to extend their stay. Landlords can offer incentives such as discounts or free upgrades.
Landlords who impose rules reasonably:
Before the tenants sign the lease agreement, the property managers should have laid down the policies and explained them thoroughly. Tenants should also know the consequences of breaking the rules. If at some point, issues arise because they fail to follow, landlords should not do anything drastic immediately. They should investigate and talk to the persons involved.
As much as we want the tenants to stay, sometimes we cannot force them if they wish to, or have to, leave. But landlords don’t have to worry about you as their agent. If you want to guarantee a lot of tenant applicants, you should use a great website. With Padleads, you can post your property listings and syndicate them to other networks. You’ll find good tenants again. Don’t lose hope.