Finding a quality tenant is only half the job. Keeping them can often save landlords time, money and the costs associated with vacancy. While every tenancy is different, there are several simple ways to encourage good tenants to stay longer. 1. Respond to Maintenance Promptly Small maintenance issues can quickly become frustrating for tenants if left unresolved. Attending to repairs in a timely...
One of the most common questions landlords face is whether to increase the rent at renewal time or focus on retaining a reliable tenant. While every property and tenancy is different, it's important to remember that rental income is only one part of the equation. A quality long-term tenant can often provide significant value beyond the weekly rent they pay. 1. Reduced Vacancy Costs When a good ...