When you have good tenants in your rental home, it pays to keep them! Tenant turnover costs you much more than a lot of hassle. All of the time, paperwork, advertising, and the maintenance work to get the unit rent-ready, not to mention the lack of rent checks during vacancies, take a huge hit to your rental income. Your local professional property management team, Real Property Management Rental Solutions in Murfreesboro, TN, has some tips to help you keep good tenants so that you can avoid this:
Screen applicants carefully
The first step to keep good tenants comes before you even pick a tenant. The tenant you approve to move into your property investment can hugely affect your renting experience. Real Property Management Rental Solutions will always screen any potential tenant over the age of 18 thoroughly. This can help give better detail of the person who wants to rent your home. Background checks, rental histories, and credit checks can all give important insight into the character of an individual. At RPM Rental Solutions, we always make personal phone calls to employers, past landlords and references because those phone calls often give helpful information.
Listen to your Tenants
Situations always occur that need to be addressed in a rental home. Appliances break, weather can bring damage, or flooding can happen. You can keep good tenants by responding as fast as possible to any problem or concern. Quick, proactive maintenance can help prevent future problems and lets your tenant know that their rental property management in Murfreesboro cares about both the property and tenant.
Keep a Good Relationship
You can keep good tenants by simply having a good relationship with them! It’s important for tenants to feel that if there is an emergency, they can contact management quickly and get help. Regularly scheduled home reviews can be set up with tenants at the time of lease signing and is another boost to a good relationship. This can help with maintenance follow up and tenant communication.
When tenants feel safe and that their home is being maintained with open, honest, and regular communication with their property manager, they tend to want to stay put. If you can make the rental experience a good one, you can keep good tenants, and will have a better chance at good profit margins for your investment.
Would you like a free assessment of your rental property by our expert, locally owned and operated property management team? Call RPM Rental Solutions today at 615-900-4067 and we’ll show you why we are the leading property management company in Murfreesboro TN! You can also contact us here.