Hopefully, the kids are back to school and memories of summer vacation are fresh in your mind. Now it’s time to focus on tenant retention. We’ve already talked about tenant placement and lease enforcement/inspections.
Let’s finish our conversation around tenant relationships by talking about how to show good residents they’re valued so they’ll renew their lease agreements year after year.
Why does tenant retention matter?
Long-term tenants are valuable to rental property owners because they pay rent on time, take care of your property, and earn you more money. When your tenant stays in place, you don’t have to worry about vacancy loss and high turnover costs.
You don’t have to worry about nurturing tenant relationships - it’s why you work with us.
When your property manager and your tenants work well together, YOU benefit
Tenants appreciate working with us because we’re available, accessible, and responsive. Our high retention numbers are due:
- Easy and secure online rental payments
- Fast maintenance responses
- Transparent communication
- Support and resources even before they move in
We incentivize good tenants to renew their lease agreements. Any changes to the lease agreement and rental increases are discussed in full. Again - we go over our expectations and our appreciation that they’re staying with us. Good tenants lead to better rental experiences.
Tenant retention is one of the best reasons to work with us at Sienna Properties. You save money and your tenants get a great home. If you’d be willing to share the success we’ve had in keeping good tenants, please send this newsletter along to anyone looking for full-service property management. We love our referrals like we love our tenants!