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4 Practical Ways To Increase Tenant Happiness Quality
Vacancies can cost you money in lost rents and in turnover expenses. The best way to ensure profitability is to keep your tenants in your units long-term and avoid recurring vacancies. Some tenants move because of a change in their job, life situation, or circumstances you can’t control as a landlord. Others move because they are no longer happy where they live or feel their needs can be better served elsewhere. So, how do you keep your tenants happy?
Today, I’m going to give you four practical tips that will help keep your tenants happy and increase tenant quality. You might be wondering, “Why is it so important to have happy tenants?” In today’s video, I give a few other reasons that it pays to keep your tenants happy, outside of avoiding a vacancy.
In conclusion, the happier your tenants are, the better quality property you’ll have. I would even say that happier tenants will create a better performing asset and increase your ROI long-term. Take the time to treat all your tenants with respect and find small ways to show you appreciate them. After all, if they’re paying you rent, they’re putting money in your pocket, and for that, you should always be grateful. Please leave a comment below to share some thoughts on tenant happiness!
Expertise: Real Estate Investing Basics, Real Estate Deal Analysis & Advice, Mortgages & Creative Financing, Landlording & Rental Properties, Business Management, Personal Development, Flipping Houses, Commercial Real Estate
I am an Educator (27 years) who retired to Real Estate. After a long career coaching, teaching, working as an administrator and selling real estate in Texas, I "went coastal", moved to the Mississippi....