Your relationship with your tenants can be make or break for profits. If your tenants aren’t happy with this relationship, they most likely won’t stay past one lease term. They could also damage the property, leave early, or something worse. On the other hand, if you can have a stable, good relationship with them, they’re more likely to recommend you to others and to stay at your property for longer. As a property owner, you can feel stressed when you don’t feel like you’re on the same page as your tenants. As a tenant, they can feel stressed when they think their landlord doesn’t care about them. If you think that the relationship with your tenant could be improved, we’ve got some tips you can use!
Be open and friendly. This is probably the easiest way to encourage your tenants to see you as a person and not only as their landlord. Make sure you give an atmosphere of acceptance and understanding so your relationship with your tenants can thrive and they can feel that they can talk to you about anything.
Have a good middleman. Your property management company is critical in developing this relationship. As the crew that your tenant will be seeing quite often, your property management company should be experienced and professional in whatever they are doing on the property. Having a trustworthy team to lean on to fix any issues is critical for tenants.
Have a quick maintenance turnaround. Your tenants don’t want to deal with property issues for longer than they need to. If you do have a property management team, they should have a routine for dealing with property maintenance problems to keep your tenants satisfied.
Because it’s National Stress Awareness Month, this is the perfect time to really get to thinking about what is stressing you out as a property owner. For many owners, the work overload is one of the primary factors of stress in investing. To combat this stress, think of delegating your work. A property management company like C.A.B. Group can be extremely helpful in cutting down on the burden of caring for your property!