This year has been a tough one for tenants and rental property owners alike. If you own a rental property and you have good tenants, you undoubtedly want to do everything you can to hold on to them. Believe it or not, simply taking some time to look for proactive ways to improve your property can do a lot to encourage your good tenants to stay where they’re at.
For example, one major reason tenants choose a property is its’ safety. So, you might take a look at your property and see if there’s anything you can do to encourage safety. Make sure stairs and walkways are clear of debris and obstruction. Check sidewalk cement, since it can be a significant tripping hazard. Install some basic photo-sensor lights to make things easier to see at night.
In most cases, you’ll probably find simple, cost-effective ways to improve the condition of your property, which will encourage your tenants to stick around.