Good tenants can sometimes seem like a blue moon, hard to come by, and sometimes even harder to secure long-term. Only a happy renter would want to continue staying at your property. Building a long-term relationship with a great occupant involves developing trust and loyalty. So if you like your tenants and want them to stay, here are five ways to keep them longer;
- Listen To Your Tenants and Be Responsive
- Maintain Your Property
- Keep tenants informed
- A Reasonable Rental Price
- Take the Help of Technology
1. Listen To Your Tenants and Be Responsive
Communication is vital in securing long-term tenants for your rental. Occupants who consider staying for the long run may make certain requests. These may include planting a mini garden or requesting new appliances. Use end-to-end property rental platforms such as SPEEDHOME that put the needs of their residents and landlords first.
2. Maintain Your Property
A well-maintained property can help motivate your tenants to take better care of your property. It increases the chances of retaining a good renter as they will have an incentive to stay. When occupants make a maintenance request or if you find issues during routine inspections, take care of it ASAP.
3. Keep tenants informed
It is very important to keep your residents informed of anything that is happening in or around your property. Quality renters will only turn into long-term occupiers when you show them you care. Keeping your renters well-informed will make them feel more at home and comfortable with you.
4. A Reasonable Rental Price
Consider the neighborhood, size of your rental, type of rental, and how new the construction is. It may be tempting to want to ask for a higher monthly rent to attract a more “elite” crowd. But you might end up with problematic ones who have no other options. SPEEDHOME can help you with the process of securing good tenants! We do this by screening and choosing the best eligible tenants for your property.
5. Take the Help of Technology
Embracing technology is among one of the most important property upgrades you should consider. Allocate a fair budget to updating your rentals with the latest technology like smart locks, energy-saving lights, etc. This not only increases your property’s value but also shows your tenants that you are concerned about them. If you leverage on tech-savvy rental platforms like SPEEDHOME, residents will have the option to download the app. They can then contact the company through different means. The majority of Malaysians use mobile apps. Thus, having access to company contacts, the mobile app (apple app store, google play store), and the website on your renter’s phones can help them faster.
If you need some more guidance, check out SPEEDHOME!