In order to retain renters, landlords and property managers need to know how to convince their renters that their property is truly the best option.
Seattle, WA (PRWEB) February 27, 2014
In the bustling Seattle area, both long-term and short-term residents are searching for the best place to live. In order to retain renters, landlords and property managers need to know how to convince their renters that their property is truly the best option.
In a recent article, North Pacific Property Management provides four renter-retaining policies that have proven to be highly popular with renters. In the face of fresh offers of relocation and numerous recently built apartment complexes, landlords should consider these helpful renter-retaining tactics.
The first tip is preemptive. Property managers should ensure that they disclose the entire contract before the lease is signed. If additional stipulations and requirements begin to seep out of the woodwork a month into the lease, it undoubtedly gives the renter cause to be disgruntled.
Secondly, the article encourages landlords to respond promptly to contacts from their renters. If a maintenance issue arises or a complaint is filed, be sure to respond accordingly within a short amount of time. North Pacific Property Management recommends that landlords respond within 24 hours of the contact.
Additional suggestions include a focus on adequate and continual maintenance and issuance of perks for lease-renewal. Providing incentives for renewed leases is a fantastic way to keep renters around. The most popular and preferred incentives are a decrease in the rental rate, gym memberships, and free covered parking.
The most important quality any manager wants to see in a renter is loyalty, and landlords should seek to build that loyalty at every turn. At the end of the day, a good landlord’s renters will want to stick around.
About North Pacific Property Management:
North Pacific Property Management is a Seattle and Bellevue based company that manages everything from large apartment buildings to single properties. Their goals and processes work toward maximum efficiency, minimal vacancies, and the highest profitability. To learn about request property management services and to fill out their online application, contact them today.
North Pacific Property Management
2212 Queen Anne Avenue North
Seattle, WA 98109