End of Year Tenant Retention Tips for Clearwater Investment Homeowners

As the holidays end, investment homeowners might feel like modifications should be made to the pricing of the rental home. Since the new year is upon us, now is the time to reflect on the success and enhancements that were made during 2017 to create better-informed decisions concerning your rental house in 2018. Most businesses are in full-force during the holiday season and property investors often get comfy or caught up in their vacation plans, which might result in property management tasks sliding through the cracks.

The conclusion of the year is a great time for homeowners to concentrate on their own family and friends, making property management options much more useful during this time. Don’t start the new year on a bad foot with your tenants in the event that you forget about important repair or management responsibilities. This can often lead to tenants not renewing their contracts the following year, and then you’re left searching for new tenants.

Rather than making another New Year’s resolution that is soon forgotten, make providing excellent property management services to your tenants a priority this year. At Real Property Management TradeWinds, we encourage you to stick to great property management habits throughout the year and see how this impacts your tenant retention.

Check out these two end-of-year tenant retention suggestions to start the year off right:

1. Respond Promptly

Nothing is more annoying throughout the holiday season than waiting in long lines and then being subjected to less-than-cheerful customer service. During the time you’re an investment property owner, it’s essential that you use a property management staff that will react promptly in a skilled and positive manner. This will foster a close relationship with your tenants and will affect where they choose to live next year.

2. Clarify “Holiday” Hours

Property management is a 24-hour job, and many repair emergencies happen in the middle of the night. Both you and your tenants will be happy when your property management team continues this service through one of the busiest times of the year.

Take note of these tips as 2017 comes to a close, and start 2018 off on the right foot with your tenants. If you would like more information about the property management services offered by Real Property Management TradeWinds, please contact us online or call us at 727-400-4722 for more information.