Renting Single Family Homes? 2 Tips to Keep Your Renters Happy
Posted on: 10 October 2016
Renting out single family homes can be a good moneymaker, but only if you take good care of your renters. Below are two tips you should follow so you can keep your rental business successful.
Hire a Property Manager
If you have quite a few rental homes, you may want to consider hiring a property manager to help you. This person can take stress off your shoulders by taking over a lot of your workload. If you have empty homes, the property manager can help you rent them out. Many property managers have real estate licenses, so they are very experienced in finding interested renters and showing the home. They will know how to properly market your properties to attract renters. They can also help you purchase new rentals, as they understand the market and know the best properties you should invest in.
The property manager can also collect rent for you. They can screen renters by running a credit check and perform a criminal background check on each tenant. If you lease out your homes, they can handle the lease for you, as well as help you deal with evictions.
The property manager will also be responsible for property maintenance, such as landscaping, having pests exterminated, shoveling snow, and removing trash. They are also responsible for repairs. Talk with a property management company in your area to learn about the many other services they can offer to you.
Be Welcoming
When you accept a new renter, make a visit to the home and welcome them. This shows them that you care about their comfort and are available to address any concerns. Keep in regular contact with them after they move in. For example, you could call them once a month to make sure they are satisfied with everything. You should send the tenants a welcome letter after they move in. Sending them a small vase of flowers could also be a nice touch.
You could give your tenants a small appreciation gift periodically to show them that you appreciate them. This gift could be something like a local restaurant gift card or even something simple like sending them a birthday card on their birthday.
Keeping your tenants happy will result in you increasing your profits. When your tenants move out they will likely talk with other people about how well you cared for them, which will increase your business.
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