Offer Incentives to Your Best Tenants to Help Keep Them in the Property Longer
A small gesture that shows your appreciation can help your chances on keeping a great tenant. This is a small price to pay compared to re-marketing and screening a replacement tenant.
- If they are renewing the lease, knock a few dollars off the next month’s rent.
- If they refer a friend for one of your vacant properties, offer them both something as a thank you.
- If they are responsible for the yard, maybe send someone out to do it once to give them a break
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