Tips For Keep Good Tenants From Leaving
Owning rental properties in Portland Oregon is a great way to earn passive income, but the reality is that during the process of owning rentals you’re going to have good tenants who end up leaving.
Sadly, even though a tenant may rent from you for more than 12 months the reality is that something was responsible for them moving on with their lives.
In this article, we will provide you with more information on why good tenants leave, and what you can do to prevent this from happening.
Reasons Why Good Tenants Leave
Expensive Rent – This is the #1 reason why good tenants move on to other rental properties. When this happens in the PDX area, tenants typically start searching for rentals outside of Portland in towns like Beaverton, West Linn, Clackamas, Milwaukie, and Oregon City.
Problems With Neighbors Or Other Tenants – Another common reason why a tenant will move onto another rental property is that they are having problems with other tenants or neighbors.
If your tenant contacts you about problems that they are having, it’s best to pay close attention and resolve those issues as quickly as possible because your next tenant may have the same problem if the issue isn’t resolved.
Promises Not Kept – One of the easiest ways to lose tenants is not keeping promises, especially when it comes to repairs because if a tenant feels that their landlord isn’t attentive to their needs, they will move on to another property.
How To Keep Good Tenants From Leaving
Keeping good tenants is one of the keys to success with owning rental properties and this process is easier than you think if you follow these steps:
Step 1 – Pay Attention To Big, Or Small Problems – Don’t ignore a tenant’s problems regardless of whether you would classify them as ‘big or small’. Take the time to resolve issues when they occur and you will be able to keep good tenants for longer than one year.
Step 2 – Connect With Tenants Periodically – It doesn’t matter if you reach out to your tenants with the occasional phone call, text, or email, it’s critical to touch base with tenants often so that you show them how much their business means to you.
Step 3 – Offer Them More Features And Amenities – Regardless of whether you choose to install a dog run on your property, storage area, or covered carport, make sure you are consistently focused on adding more features and amenities to your property.
Regular improvements are important because they show your tenant that you value their business and are consistently focused on offering them more value for their money.
Contact Rent Portland Homes – Professionals
At Rent Portland Homes – Professionals, we can save you the time, money, and hassle of managing your rental property yourself so that you can enjoy passive income from the property without having to do the work.
To learn more about the property management services that we can offer you, contact us today by calling (503) 447-7735 or click here to connect with us online.