Do you have leases that are coming up for renewal? If so, one of the best things that you can do to start increasing your renewals is showing your appreciation to your tenants by following these simple tips.
Tenant Appreciation Tip #1 - Send Your Tenant A Gift Basket
One of the best things that you can do to show your appreciation to your tenant is to send them a gift basket with a letter thanking them for renting your property.
Ideally, this should be done at the start of their lease but if you haven’t done it yet you should still send them a gift basket just to show them that you care about their business and are thankful to have them as a tenant.
Tenant Appreciation Tip #2 - Replace An Old Appliance
As a landlord, you should be making the effort to replace aging appliances in your rental properties at least once a year especially if you have one or more appliances that look like they are from the 1970’s or 1980’s.
Replacing old appliances will show your tenants that you’re proactive at creating a great rental property for them and they will be more likely to renew their leases since most tenants want to continue renting a property where they feel appreciated.
Tenant Appreciation Tip #3 - Send Them Gift Cards
Another great thing that you can do to increase your renewals is to send your tenants gift cards on a regular basis.
A gift card of $25 or more is a great gesture that will show your tenant that you care and it’s also going to help their monthly budget because in this day and age every dollar counts.
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