How to hold on to good tenants

{{youtube id="ykRbVUHb44k?list=PLZWLiY_OqG3NVFkLd9O_jexF9TKb0NWXd"}}

Keeping good tenants is a really important part of being an investor and I think that it's a two way street. You should never keep the rent below market, or well below market, or not increase the rent simply because you like the tenant or they have been a good tenant. It's important to set the ground rules and communicate with your tenant clearly about what the future prospects are. So if the lease is expiring, say in two months time, ask the tenant at that stage if they would like to sign a new lease so that you're preparing for the next period. It gives them surety and you too. And I think this gives you an open conversation with the tenant about whether or not they will stay on or move on.

You’re out of free articles for this month

Log in Sign up

To continue reading the rest of this article, please log in.

Username or Email

Password Forgot password?

Keep me signed in on this device.

If you check this box before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

If you check the box above before you log in, you won’t have to log back into the website next time you return, even if you close your browser and come back later.

---

or

---

Login with a Passkey

Create free account to get unlimited news articles and more!

First Name

Last Name

Mobile

Email

Organisation Type

Mortgage or Finance Brokerage Mortgage or Finance Aggregator Accounting Firm Financial Advice Practice Real Estate Agent Property Manager Financial Institution Fund Manager Educational Institution or University Association, Institute or Not-for-Profit Government Insurance Provider Technology Provider Media, Consulting or Recruitment Other

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

 

Tags:

• Podcast
• The Smart Property Investment Show

Share