Keeping good tenants...
A key piece of advice for all landlords is that if you have good tenants in place, one of the smartest things you can do to protect your investment is to take all reasonable steps to keep them!
Remember, happy tenants are more likely to be long term tenants.
- Consider tenant requests if they are reasonable,
- Maintain the property in good condition, and
- Ensure that the rent is not increased by unrealistic margins.
A proven record of good performance in payment and care of the premises is the equivalent of GOLD for landlords.
We often see unwanted rental vacancies that could easily have been prevented by paying attention to these three simple rules.
Compared to the income that is lost through vacancy, not to mention additional costs such as garden maintenance and re-letting costs, listening to the tenants’ original request is often a much more cost effective option.
Our aim is maximise the performance of your investment by taking a long term approach to the management of your rental property. If you are looking for sound advice in Property Management, feel free to call your local Barry Plant.
Disclaimer: The contents of this article are believed to be accurate at the time of posting. Any advice here is of a general nature only and has not been tailored to your personal circumstances. Please seek professional advice prior to acting on this information.