In order to attract and keep great tenants, your property will need to really have a track record of being well handled. It makes sense to do anything you can to restrict your tenant turnover as it costs time plus money to place a qualified renter. Tenant satisfaction should be a high priority.
The experience as well as efficacy that a professional property manager brings to the table could give your property the edge in a competitive market. It’s better to ask a future management firm: “What’s your average turnover rate?” Their solution can help you discover in the event you may benefit from their expertise in this region.
The reality is the fact that powerful tenant retention amounts don’t only occur, they are caused by consistent, quality service and also a pre-planned tenant retention program. A tenant retention plan can begin small and will contain low-cost things like minor conveniences that let tenants understand direction cares and seasonal greeting cards.
Renter satisfaction means more tenancies and more joyful tenants that have grievances and fewer disputes. Keep reading for a list of questions for property management companies about their tenant retention plans.