How To Attract Long Term Tenants To Your Rental Property

If there is anything a landlord needs to strive for, it’s to find a long-term tenant for their property! This is all-in-all the best possible scenario, especially if the landlord and tenants establish a good relationship, that certainly goes in both of their favors! But a lot of new landlords are lost and have no idea how to properly put themselves out there, often attracting bad people and tenants who aren’t on the same page as them, this can obviously cause friction and unpleasantness, so the best thing to do is seek someone well, and keep them for as long as possible, So here’s how to attract long term tenants to your rental property!

Communication is key

As soon as you meet up with your potential tenants you need to be able to present yourself and your property the right way. Being able to hold a conversation and be friendly can easily boost your chances of attracting just the right kind of tenant. This can also help both you and they realize that you want the same thing, and if not – you can seek someone who fits yours wants a bit better! As long as you are engaged and enthusiastic, and offer your plan straight away – chances are they will agree! 

Be an open book

Apart from being friendly and offering your tenants a reasonable deal, you need to continue doing your work as a reliable landlord, and this means letting your tenants rely on you! From small things, like comments and concerns, to bigger issues – they need to feel free to ask you whatever’s on their minds. Building mutual trust and reliance can truly make tenants feel more welcomed and inclined to stay, as they feel respected and welcomed! The truth is that a lot of tenants want quite simple things, just a good deal and a decent relationship with the landlord that is respected in both ways! 

Don’t be a stranger

Being a good landlord is such an important factor in the whole renting experience – you want to be respected, but at the same time, you want to be kind to your tenants! Striking fear into them is not the best idea, it’s all about keeping the balance between assertiveness and friendliness  at the end of the day! You want to be a trustworthy ally to your tenants, rather than someone who makes unreasonable rules and looks at them from a high horse!

Have a good rental policy

Your tenants need to know where they stand when it comes to their legal rights, this can make them feel more confident and safe while staying at your property. This also means having a good rental management service on your end, that you can fall back on in any given situation. A lot of things can happen, so both you and your tenants need to be prepared and legally ready for anything! Damages and sudden problems can occur out of nowhere, so being able to handle them without losing anything, is the best bet for both sides!

What a rental collection agency can do is to offer you a sense of security, while also taking care of the rental process for you. For example, if you’re a first-time landlord, the agency can take care of tenant screenings and rental agreements, ensuring that you find reliable long-term tenants for your property. This allows you to focus on creating a good relationship with your tenants and taking care of any maintenance or repairs that may be needed.

Be respectful

You can come across different kinds of people, but you need to keep in mind that you and your potential tenants are in the same position, only on opposite sides! Being a decent human is certainly enough to spark an interest in potential lenders – sure, offering low rent and a decent-looking space is fantastic, but having a bad landlord can truly make things go sour. So let your tenants know that you respect their privacy and won’t cross any boundaries…it can make all the difference in their eyes! 

Offer additional things

If you are a decent person, that offers a reasonable deal, you are already way ahead of other landlords, but that doesn’t mean you should stop there! You can always compromise with potential long-term tenants, and come to a mutual agreement on something. Adding additional layers of security should always be an option, and chances are it will make your tenants feel safer! And be open to other things the tenant might suggest, even if you don’t agree with them, try to find a common ground and see if that disagreement is worth losing a great tenant over! 

At the end of the day, it all depends on the tenant and your lease agreement, but if you are clear from the start that you seek someone long-term, you are more likely to get someone who will comply – rather than leasing for a few months and not knowing if your tenants will prolong the lease or not! So always be direct, yet friendly to your tenants and respect them, and you’ll be good to go!