Top five tips for keeping good tenants

Top five tips for keeping good tenants

WITH almost 10,000 Perth properties available for rent, good tenants who stay in rental properties for a long time remove some of the stress of holding an investment.

They treat the property with respect, keep it clean and pay their rent on time.

Once tenants sign a long lease, the investment becomes a “set and forget,” which is the ideal arrangement for any investor.

Cannington-based property management company We Love Rentals shares its top five tips for keeping good tenants.

1. Good management

Paying a competent property manager is essential. They will look for tenants of stable character who have good rental histories.

2. Tolerance

Experience helps with understanding people live differently and to varying standards of hygiene. As long as tenants are not damaging fixtures and fittings, a quick clean-up after they vacate the property will be all that is required.

3. Listening

Ask your property manager to inform you of anything that is of concern to your tenants, especially when they first move in and identify items they would like fixed for their comfort. Attending to small repairs quickly lets your tenants know you care about their needs and the standard of your property. Establishing a good relationship from the start helps keep good tenants longer.

4. Comfort

Provide good heaters for winter and ceiling fans or airconditioning for summer. Install insulation if needed to help regulate the temperature and lower your tenants’ energy bills.

5. Respect

Rather than viewing tenants’ demands as problems, respect that their rent payment pays for your investment, so addressing a few minor concerns is no problem. Consciously making this simple mindset shift can change attitudes and improve relationships.