Please don’t go! With happier tenants overall, your turnover rates will be lower than the average in London, and your income will be steady and reliable, making you a happy landlord. Once you have gone through the trouble of a thorough screening process and have located exceptional tenants, you simply will not want them to leave. These tenants pay their rent promptly, keep open communication lines, and are generally agreeable; these tenants don’t cause waves with other renters. As a bonus, typically, good tenants care for rental properties as if they were their own.
If you know a good thing when you have found one, you will understand why landlords desire good tenants and do what it takes to keep them. To this end, there are tried and true steps landlords can take to sweeten the deal for desirable tenants and entice them to extend their lease and become long-term renters. Read on as we explore five things you can do to keep good tenants in London.
Accommodating tenants by making their life a little easier is one of the things you can do to keep good tenants in London. One way to do this is by making it simpler to pay rent; using the latest online banking technologies can save your tenants time and trouble. In addition, people like rewards and will make an extra effort to earn them, and you could offer perks for timely rent payments such as gift cards to local restaurants.
Following good maintenance practices is another thing you can do to keep good tenants in London. With well-lighted parking and buildings, and attention to the level of security required to keep residents feeling safe within their homes, you are well on your way to creating satisfied tenants. In addition, maintaining landscaping, keeping shrubbery away from buildings and windows helps in security, and well-planned green scaping with outdoor recreational space for exercise and entertaining adds a healthy atmosphere of enjoyment for your tenants.
As with any relationship, a frequent and reliable presence of management on-site is something you can do to keep good tenants in London. As their landlord, your tenants need to know you will be there when they need you. It is beneficial to set boundaries in your rental agreements regarding when to call to avoid misunderstandings. For example, you do not want to be contacted at 3am because a lightbulb is out, but you also don’t want your tenants to learn that you will ignore their problems altogether if they call.
Finally, while you do not want to make a habit of accepting late rent payments, another thing you can do to keep good tenants in London is to remain flexible. If a good tenant comes to you with a temporary issue, be more than willing to work with them, and your tenant will repay you with even greater loyalty.
The best thing you can do to keep good tenants in London is to work with Sublime Property. Happy tenants equal low turnovers and happy landlords; let Sublime Property make it easy. At Sublime Property, we will work with you and manage your property your way, taking on as much or as little of the responsibilities as you like. The professional property managers at Sublime Property know how to screen for good tenants. From there, the experienced pros at Sublime Property keep on top of property maintenance and build a day-to-day working relationship with your tenants and your vendors; keeping everyone happy is the number one goal of the team at Sublime Property, including you! Contact Sublime Property on 0203 633 9175.