Ways to Attract Long-term Tenants

December 1, 2020

Getting a long-term tenant is every landlord’s dream. Turnovers are expensive and time consuming. It’s good to practice various methods to keep your tenants loyal. This will allow you to avoid turnovers as much as possible.

This blog contains recommendations on creating a more comfortable environment for your tenants. This will encourage them to consider staying in your rental for longer periods of time:

Respect your tenants

Always remain professional when dealing with your tenants. Nobody likes being treated poorly. You can earn a tenant’s respect by maintaining boundaries and protecting their privacy. Even if you’re the owner of the property, it’s impolite to barge in on a tenant’s rented unit without notice.

Inform your tenant beforehand if you need to conduct an inspection in your property or enter for any other reason. Respect will create a harmonious relationship between the two of you. This often results in tenants staying long term.

Welcome your tenants

Moving to a new neighborhood is not always easy. As a landlord, try to make the move easier for your tenant and welcome them to your rental property. Be gracious and accommodating. Reassure them that they can reach out to you if necessary.

You may want to show them where the town’s facilities are located so they’ll be able to navigate around more easily. Offer suggestions such as the best things to do near your property.

Treat all tenants fairly

Exercise fair treatment equally to all your tenants. If you show particular leniency for the policies to one, then this creates a resentful environment with others. Always treat them with respect and never discriminate. This could lead to tenants ignoring your policies or creating legal issues. Always act professionally so tenants will act in a respectful manner towards you.

Be responsive

There’s nothing more stressful to tenants than having to make repeated requests over and over again, especially when it involves a maintenance concern. Always listen and respond to your tenants even if their concern is minor. Avoid time delays or slow responses as this could be a reason for them not renewing their lease.

Give renewal bonuses

It’s good practice to reward long-term tenants or those who renew their lease. You can give a rent discount or avoid raising the rent. This makes your tenants feel valued. As a result, they are likely to stay longer. What’s more, they might even refer their friends and family to you when you have a vacancy.

Hire a good property manager

Choose a customer-focused property manager so your tenants will feel taken care of. There are a number of benefits to having one including their expertise in dealing with tenants. If your property is professionally managed, tenants are likely to stay longer.

If you are looking to hire a Property Management company to manage your property then consider hiring ACCL Property Management. For free consultation, please email us at info@acclpropertymanagement.com or call us at 905-432-8961

5 Things to Consider Before Purchasing a Rental Property

December 21, 2022
Expert Advise From Your Trusted Property Management Team

Get Your Property Rental Ready for Winter

December 7, 2022
It is important for landlords and property managers to take the required steps to ensure that their rental properties are ready for the winter months. You will want to be proactive with inspecting the plumbing, roof and landscape before the cold winter temperatures and winds set in. Doing this will guarantee that you will save money on damages that may occur if these areas are neglected.

Avoid These Property Management Blunders

May 15, 2021
If you want to earn as much as you can on your investment properties, it’s worthwhile to use the best property management team you can. If you encounter any of the mistakes below in the management of your portfolio, you may want to switch to a different management firm.

9 Maintenance Tips For Your Rental Properties

May 1, 2021
If you own rental properties in Oshawa or Durham Region, it’s crucial to maintain good relations with your tenants. One way to do this is by hiring a quality property management company to handle the upkeep. Are you looking for advice on how to maintain your rental properties in Durham? Look no further. Below are nine critical tips to protect your investment and keep your renters happy.

Tenant Screening: How Landlords Can Effectively Screen Tenants

April 15, 2021
Screening tenants is one of the most important tasks landlords are responsible for. Applications come in by the dozens for every apartment and it’s their job to sort through them, run the appropriate checks, hold interviews, and determine who will live in your properties. As a result of this constant work, most landlords have a clear sense of what red flags they need to look out for when reviewing applications, but it’s important to realize that not all problems are equal and that individuals with “red flags” on their records may not be bad tenants.

How to Build an Emergency Fund

April 1, 2021
1. Organize Your Bank Accounts

What is an Emergency Fund?

March 15, 2021
For the landlords and real estate investors, ROI and cash flow are everything. You’re constantly on the lookout for ways to make your rental properties more profitable, which means maximizing the upside and counteracting the downside so that it doesn’t come back to bite you. And even though there are no bulletproof methods of downside protection, there is one method that can significantly lessen your chances of experiencing a financial catastrophe. It’s called an emergency fund.

5 Tips for Finding a Good Contractor

March 1, 2021
Find a good contractor who gets the quality work on time is never an easy task. As you search for a contractor to work on your property, here are some tips and tactics you can leverage to filter out the bad apples and find the right fit for your project.

7 Techniques For Rent Collection

February 15, 2021
5 Techniques Successful Landlords Use For Rent Collection

4 Ways Landlords Waste Money

February 1, 2021
As a landlord, you’re in the game of generating cash on your cash. In other words, you’re in the ROI business. But are you really doing everything you can to set yourself up for maximum returns? This a question that you need to analyze through a critical lens. You might consider yourself a fairly savvy person when it comes to finances and investing. (After all, you’re wise enough to invest in an income producing property.) But it’s entirely possible that you’re bleeding money in areas where you could be doing better.