All landlords aim to keep high-quality tenants in their rentals to minimize vacancies. However, you won’t always find the perfect tenants to stay in your properties long-term. That said, one of the most expensive parts of owning a rental business is tenant turnover. Therefore, landlords work hard to increase their tenant retention rate. If you’re […]
Tag Archives: tenant retention
13
May
May
Avoiding vacancy and retaining tenants in a competitive market is sometimes an uphill battle. Although moving is expensive, it is not always enough to deter tenants from leaving for a perceived better deal. Many multi-family rental owners are familiar with the term “rental concession” as a tool to make their property stand out from the […]
24
Mar
Mar
Any landlord or property owner knows that one of the most expensive parts of a rental business is tenant turnover. Therefore, finding ways to increase tenant retention is one of the most important things a landlord can do. That said, while finding a great tenant takes work, keeping them around requires just as much, if […]
06
Oct
Oct
Learning how to retain your tenants, and encouraging them to sign lease renewals, is something all successful property owners do. In fact, learning this skill early on saves you time and money in the long run. When tenants renew, you eliminate the need to advertise a vacancy, screen for new tenants, draft a new […]