Landlords should continually develop their offerings to match the evolution of modern-day tenants which are always on the look for wide-ranging services provided by landlords. Therefore, there is an immense opportunity for landlords to shape what they offer to attract long-term tenants.
Here are some tips to help you attract long-term tenants:
1. Take Tenant Requests into Consideration: When tenants move into any property, they want to feel at “home” hence making them feel they want to stay for the long-term. In order for them to feel at home, offer some flexibility to make some changes to make the property feel like their own. Landlords don’t have to allow significant changes but can consider minor ones. Take the time to listen to their requests and try to reach a middle ground until both parties agree.
2. Build and Maintain Relationship with Tenant: It’s essential for the landlord to foster a good relationship with the tenant more than it being just a source of income. Tenants who have a good rapport with the property owner are more likely to stay for the long-term.
3. Tend to Maintenance Issues Instantly: When tenants raise a maintenance or repair request about the unit, take immediate action to show them you value them just as much as the property.
4. Respecting Tenant’s Privacy: Landlords should show some consideration when navigating renter’s space such as scheduling a date and time for any reason needed that won’t cause any inconvenience to the tenant.