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How to Retain Tenants in Your Houses for Rent

By Padzltd on Jan 11, 2010 |Business

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Experiencedlandlordsknow just how hard it is to find good and reliable tenants fortheirhouses for rent. So once good tenants have been found it’simportant forlandlords to retain their tenants for as long as possible.A few simple stepscan really help to make tenants want to stay in thehouse for rent for longer. The first thing to consider is whytenants leave. Some tenants will be forcedto leave through a change ofjob or lifestyle and there is little that theprofessional landlord cando about this. However many tenants will leave simplybecause they aretired of problems in their existing house and think that therearebetter houses for rent available for a similar price. Look After Your Tenant Landlordswho want to keep their tenants should look after them properly.Tenantsshould feel that the you care about their welfare and this alonecanoften prevent tenants looking at other houses for rent. Ifthe tenant raises a problem with the house for rent such as a showerthathas stopped working or a blocked drain then you should respond byphoneimmediately to let them know that you are aware of the problem andto explainwhat you are doing about it. You should always take action onthe same day,even if the tradesperson might not be available until thefollowing day. Makethe tenant feel that you a dealing with the problemas quickly as possible. Consider Rent Increases Carefully Ifyou have a good relationship with your tenant and they generally paytherent on time and keep the property in good condition, then considerany rentincreases very carefully. An increase in rent can often triggerthe tenant toimmediately start looking at other houses for rent tocheck how your proposedrent compares to other properties on the market.As part of this price checkingthe tenant may very well see a house forrent that he prefers to yours. Just one month’s void costs canoften be substantially higher than theadditional rent that you wouldhave collected from your tenant, plus you mightnot have the goodfortune of your next tenant being so reliable. You shouldconsidercarefully whether any proposed rent increase can be justifiedandwhether the new rent would seem reasonable to the tenant. Landlordscan put huge effort and expense in to attracting a tenant to theirhousesfor rent, but then lose the tenant soon after by neglecting theirneeds oraggressively increasing the rent. Landlords that want to retaintheir tenantsshould think carefully about how attentive they are totheir needs and aboutabout any rent increases.     PADZ Ltd was developed to provide better communication between agents, landlords andtenants, PADZ offers comprehensive property to rent and flats to rent servicesand works on a global scale.

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