When you are in the Fort Worth Texas rental business, you understand the importance of keeping your renters happy enough to stay for long periods of time…the longer the better.
Every time a renter moves it costs you not only lost rental income, but some cleaning and repair expenses and advertising costs. It also costs you valuable lost time in screening applicants and meeting with potential renters to show the property.
What if you could keep your renters for a longer period of time with fewer turnovers? There are some atypical things you could offer your tenants that are not widely used, but could prove to be a great success. Allowing a renter to personalize the space is one thing you can do to make them feel at home.
Many people are losing their homes and find themselves renting for the first time in years. Their lifestyles are seriously disrupted when they find that they must rent and can no longer make functional decisions for themselves and their living spaces. They may have a cherished pet that has been with them since before the children were born. Perhaps they’d like to fence an area of the yard so their toddlers can play safely outdoors.
“Any renter would like to feel that their place of residence is actually their home.”
Small things can make a big difference to a tenant and can go a long way toward keeping them in your rental unit. If they ask and what they require is reasonable, allow them to paint the walls inside to personalize the space and decorate it just the way they imagine their home to be. Let the family bring their pet to live with them. Make a reasonable effort toward fencing off an area for the children to play in.
These are fairly simple things, but can make a very big difference in a tenant’s life. You can set forth the particulars as you see fit. For example, you can collect a small deposit for the pet to cover any damage or extra cleaning that could possibly occur. Find out what kind of fence they plan to put in. If you’d like something nicer than they can afford, it might be a good investment for you to put the type of fence in that meets your approval.
The bottom line here is to work with the tenants to allow personalization of their space and you just may find that your turnover time will decrease. Happy tenants and an approachable landlord are a wise combination.
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