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How To Retain Reliable Tenants

Attracting and retaining good tenants can be a challenge for many property managers. Good tenants pay their rent on time and take care of the property. These people can be few and far between, so keeping them is important. One simple thing that property managers can do to retain these tenants is to be responsive when the tenant calls. Don’t ignore the tenant or wait extended periods of time before contacting them. Quick responses will reassure the tenant that they are valued and their problems will be addressed in a timely matter.

Property managers should also perform regular maintenance checks to ensure that all appliances and equipment are working correctly. Tenants can become upset if they have to contact the property manager for a repair too often. Property managers would also be wise to make sure they honor their contracts. Tenants will have certain expectations regarding their rental contract to ensure that landlords are in compliance with their contract. Property managers can help a property owner honor their contracts.

Empty rental units lose money. For this reason, it is important, not only to keep tenants, but to retain good tenants. The cost of marketing and screening for new tenants can often be more expensive than retaining current tenants. While property owners search for qualified tenants, the rental unit remains empty; therefore, it is not making money. A qualified property management company can help fill and keep properties occupied. Palm Beach Property Management located in Palm Beach County can assist you in screening, marketing, and retaining good tenants.