As the holidays end, investment homeowners feel like modifications ought to be made in the coming year regarding the pricing of the rental house. Since the new year is upon us, now’s the opportunity to reflect on the achievement, or enhancements, which were made during 2017 to create better-informed decisions regarding your rental property in 2018. Most other businesses are in full-force throughout the vacation season and in the turn of this year nevertheless, far-too-often investment seekers get comfortable or trapped in their vacation plans, which might lead to management tasks which slide through the cracks because of their rental properties.
On the other hand, the conclusion of the year will be your best time for homeowners to concentrate on their family members and friends, making home management options a lot more useful during this time. Don’t start the new year on a bad foot with your residents in case you have neglected significant repair or management issues. This can often lead to tenants not renewing their contracts at the following year, then you are left searching for new tenants.
Make property management a priority this coming year, rather than just another New Year’s resolution that’s soon forgotten. At Real Property Management Fairmate, we invite you to stick to great property management habits constantly of the season and watch how this influences your resident retention.
Check out these two end of year resident retention suggestions to start the year off right:
1. Respond Promptly
Nothing is more annoying during the holiday season than waiting in long lines, just to acquire less-than-cheerful customer service. During the time you’re an investment property owner, it is necessary that you use a home management staff which reacts promptly, and does so at a skilled and favorable manner. This builds a fantastic connection with your residents and affects their decision on where they will live next year.
2. “Holiday Hours”
Property management is a 24-hour job, with many repair emergencies happening in the middle of the night. Both you and your tenants will be happy when your property management team continues this service through one of the busiest times of the year.
Apply these tips during your 2018 year and see that you can have the best of both worlds with higher retention rates and happy tenants. If you would like more information about the property management services offered by Real Property Management Fairmate, contact us online or call us at 626-691-9749 today.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.