8 Tips to Keeping Tenants

As competition amongst landlords rise in markets oversupplied with rentals, here are some viable tips and factors to consider in maintaining good and long relationships with tenants:

1. Location - tenants prefer properties in areas close to convenient shopping, roads, public transportation, groceries, services, parks and schools.

2. Well Maintained - with the option to pick a better maintained rental over yours, landlords are prudent to ensure their properties are kept clean and maintained well.

3. Parking - even if your property does not offer a parking spot, offer the option for street parking (monthly pass), if available.

4. Market Rent - undertake a comparative rental analysis in order to ensure you are asking market rent for your property

5. Keep it Pet Friendly - helps to secure long term tenants and with a comprehensive Pet Agreement problems seldom arise and if they do would be reasonably addressed

6. Air Conditioning - helps with sweltering nights

7. Updated Kitchen and Bathrooms - savvy tenants prefer updated decor and appliances

8. Longer Lease Terms - helps ensure tenant security especially those with children

Johnny Lam

Johnny Lam

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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