Affordable Yet Effective Ways To Keep Prompt Paying Tenants

As a landlord, you understand what is being a good tenant and they are hard to find especially if the demand for leasing place is very low due to the rampant available renting places in the market. That is why; they are so precious that you, as a landlord want to keep them longer yet sometimes you fail to see that some of the good tenants left because of their landlord too. To help you, we have here few simple, affordable yet effective ways to keep prompt paying tenants from leaving their rented place.

1.    Create rapture on the way you communicate with your leaser

Sometimes between renter and owner relationship, there is what we call an invisible wall between them. On the side of the renter, it is understandable that they will feel aloof with their landlord especially if their landlord is strict and does not look approachable for them. Having a genuine interest and care for their welfare will make them feel that you are not the type of landlord who is after the money you get from the leaser. If the communication is open between the leaser and the landlord, the landlord will know personal details about the leaser such as their birthday and they take it into their advantage such as sending them birthday cards or compliment when you heard that they win in some school tournament.

2.    Know the situation of your leaser

This doesn’t really mean bad, in fact, if you know the situation of your leaser you will know their weak points and using that you can extend some few service that they can really appreciate. Tenants who have a one-year-old baby would appreciate if you have the medicine cabinet in the house or few packs of things sponsored by you such as coffee or snacks in the cupboard. If you would put your shoes in the renter’s place, how would you feel if you know your landlord is giving off such freebies or complementary to their tenants? Wouldn’t you be delighted and touched on the simple gestures?

3.    Motivate and cultivate good attitude of your leaser

If your leaser is prompt payor, you can show appreciation for this act by giving them a little piece of gift. You might probably have extra points you earn from the online shop, or whatever that is spare on you might be helpful for your leaser so why not just give it to them. Of course, the most valuable token gift most leaser can wish for their landlord is some discount on the lease. You can do so if you are not really tight on budget, such as giving them rebates on their monthly payments when they pay early.

4.    Take note on the date they move in into your place

Well, the important of jotting down notes when your leaser moves in into your place will be your basis to send compliments on the anniversary. Most leasers have not thought of it, and often accustomed to having a cold-heart landlord who will just show at the end of the money to get the pay. In some other time, send bags of groceries on the anniversary and on the renewal date. If you want to make renovations on the place as a compliment on their anniversary on the place you can ask about their opinion since it is for them.

5.    Don’t be too uptight with the rules

It is good to have set rules and regulations on the place you have rented for other to avoid misunderstandings. This will also set boundaries on what the leaser can do in the place they lease, however, giving them some leeway for some cases will bring the more harmonious relationship between the leaser and the landlord. Say, for example, the leaser is not allowed to use lawn of the house but if needed like they ask you to hold a little children party for their five-year-old kids and the use of the lawn is needed to cater the numbers of kids that might attend the party, let it. Anyway, it will just be for that occasion. A tenant who has versatile landlord will tend to reciprocate it in possible ways they can.