Prolong the life of your rental property tenant

This article looks at how to keep your tenants happy,  and how to prolong their lease term.. we look at the following areas :

Prolong the life of your tenant  ..  It is not rocket science here, it’s pure common sense  ..  Trades people are your “gold dust” ..  When people talk .. others listen and believe!!  ..  Freshen up all the time  ..  Internet technology and nettles  ..  Create a website that is an offshoot of your main property rental website  ..  By now your grey cells must be working overtime!  ..  Free Home Delivery is a great add on!  ..  Now take another step!  ..  Arms & Legs!  ..  No need to think twice  ..  Why stay in contact?  ..  Stability and cheques!

Prolong the life of your tenant

Running a property rental business has many issues to address, but the number 1 issue you have to address is to fill your property, and whenever possible, prolong the life of your rental property tenant!

If your tenant is going to leave,  for whatever reason,  you are then faced with the task of filling your rental property again!

If you have taken on board the ideas in the article “Advertising ideas!” … you really should not have too much bother filling your property …. But why not totally avoid this situation happening? .. or at the very least, reduce the number of time a rental property tenant says they want to leave!

It is not rocket science here, it’s pure common sense.

Your tenants need to be treated like real human beings; they need to be contacted on a regular basis.

Any, and I mean any problems they report, about the property should really be dealt with immediately.

I cannot recommend strongly enough that to keep your business ahead of your competition, you need to have tradesmen on hand who can respond to water, gas, electric or other problems “at the drop of a hat”.

Trades people are your “gold dust”

Because you are running a rental property business, it means that you are always going to need trades people, and they know it.

They want to give you a service you can rely on….. if they don’t,  it is quite simple for you to say “goodbye” and move onto another tradesperson who is keener to make an impression,  and keener to establish a long term relationship with a firm they know will give them work on a regular basis.

When people talk .. others listen and believe!!

The knock on effect of having quick, reliable and competent trades people on hand, feeds down the line for you.  You don’t know when it will happen … but people will talk about your business

“ I called late yesterday and they were out after only 1 hour .. I was relieved to not to have to wait! “

“The water leak was sorted so quickly by my landlords’ plumber! ”

“I had a problem with my washing machine and the landlord had someone  out within 4 hours,  and they mended it there and then .. that was great!”

These are the sort of comments you want to hear from your tenants time after time after time!

Your tenant feels  important and comfortable with you, and as a consequence less inclined to look about for other places to stay if they know they are being looked after.

Freshen up all the time

Wherever possible, try to keep your property “fresh”   .. well maintained and well decorated.

There are two  reasons for doing this ..

(1)    You are maintaining value.

Whenever you come to sell your rental property, you do not want to be faced with huge costs to “get the property ready” … it’s far easier to do little tasks regularly to keep improving and upgrading your property.

(2)    Your tenant will like that!

If your tenant is living in a property that is being looked after .. they will feel looked after.  This really does add to their” comfort zone” and is another reason for your tenant to stay your tenant.

Internet technology and nettles

Grasp a nettle and you feel pain,.. but, touch a nettle carefully…. and you will avoid pain,  allowing  you to move on to bigger and better things…

Think about this for a minute.. You have a website advertising your properties… you have touched the nettle of internet technology and you can now use it without pain …  so why not take it a stage further and harness more possibilities from the internet…. and use the internet to help you grow?

Create a website that is an offshoot of your main property rental website ….

Tell your tenant that because they are your tenant, they will gain special access to your special and exclusive Online Shopping Website.

By now your grey cells must be working overtime!

Take this as far as you want.

In setting up your online shopping website, you will have affiliated with a number of big name stores …. They want the business and they will pay you a commission for you sending customers to them.

Your tenant gets access to exclusive deals and vast choices, all from the comfort of their chair in their warm house.

Free Home Delivery is a great add on!

Free Home Delivery cuts out the hassle of having to find parking and practise Olympic weightlifting as they  carry shopping bags for what seems like miles and miles!

The convenience of tapping a few computer keys makes this a great “add on” for your tenants.

Now take another step!

You can even expand your website idea further and offer your preferred trades people a spot on your website under “property maintenance”  …. Any enquiries you receive can then be passed on to your trades people …they will appreciate this advertising on their behalf!

Arms & Legs!

Now you will find this website idea developing arms and legs….  as you realise you can offer your tenants online booking for Holidays, Plane journeys, Train journeys, Car rentals……. this list can just grow and grow!

So many companies are happy to “affiliate” with you, and you can offer your tenants a service which they would lose if they left your rental property.

No need to think twice

All the above points in this article will help to create a more than convincing case for a tenant to think twice before deciding to move.

Why stay in contact?

Keeping in contact with your tenant definitely helps to prolong their tenancy.

This simple task has so many beneficial effects that will let you build a rental portfolio that consistently has tenants in situ for long periods of time.

Stability and cheques!

This stability cascades down into your pocket.

You will receive regular and consistent property rental cheques, and if your online shopping takes off. who knows where that will go!

Stable and happy tenants let you achieve a peace of mind that many property rental businesses do not have.