Every landlord wants good tenants for their Arlington investment property, who pay the rent on time, report issues, and look after the property really well, making it easier for landlords to retain the value of their rental and earn a consistent cash flow.
If you are lucky enough to have found such great tenants, it is essential to retain them for the long run. Here is how you can do so for your
Arlington rental property.
Address Maintenance and Repair Requests on Priority
Many tenants leave their former rentals due to the landlord’s inability to handle
maintenance requests efficiently. Therefore, it is important to take heed of any maintenance or repair requests by the tenant and ensure timely resolution. Inspect the property regularly and carry out routine maintenance. Doing so will make the tenants feel valued and ensure a good rental experience for them, motivating them to opt for a lease renewal.
Maintain a Cordial Professional Relationship with Your Arlington Tenants
The landlord-tenant relationship should primarily be professional. However, you can add a personal touch if you are friendly with your tenants. Create an honest bond of mutual respect and friendship so that your renters trust you and rely on you. Many tenants prefer a friendly landlord with whom they can openly resolve issues and talk about issues with transparency. Steady and two-way communication is the foundation of any good landlord-tenant relationship. To retain your good tenants, you should maintain consistent and open communication with them.
Prioritize Lease Renewals
To keep a great tenant in your Arlington rental property, be proactive around the time when the current lease will get over. Let your tenants know ahead of the time about lease renewal and then make further decisions accordingly, if they want to extend the lease. If the tenant has been renewing a 12-month lease continually over the last few years, propose a longer lease term that works for both of you and your tenant. If they know that you value them, the tenants are more likely to agree to an extended lease term.
Provide Additional Amenities in Your Arlington Rental
Maintaining a
good landlord-tenant relationship is essential to ensure that your great tenants stay at your Arlington rental for a long time. However, managing all of this on your own can be overwhelming, especially if you have multiple properties. In such a scenario, you can enlist the help of a professional property management company that can help you in systematically making the right decisions to retain your good tenants.
Arlington Realty Property Management is a full-service property management company in Virginia, with extensive experience in the rental real estate market since 1984.
To kick your property management efforts into high gear, give Arlington Realty Property Management a
buzz today at 703-836-2525 or email mypropertymgr@gmail.com.
