The costs associated with tenant turnover are often overlooked when you’re figuring out the profitability of a rental home. However, you never want to overlook these costs because they do add up. Today, we’re sharing three ways to keeping turnover costs down.
Property Management Lee’s Summit: Professionalism
The best way to avoid tenant turnover and the costs that come with it is to keep your good tenants happy. You can keep tenants happy by offering a professional management plan. When you have systems and procedures in place that are followed consistently, your tenant knows what to expect and feels comfortable that the lease will be enforced.
Maintaining a Lee’s Summit Rental Property
Ignoring maintenance needs or responding slowly to repair requests is a good way to get tenants to leave. You are required to keep your property safe and habitable for your renters. Be available for their emergency maintenance calls, and have a plan for preventative maintenance. To keep your best tenants you need to ensure everything in the house is safe and functional. Establish relationships with reliable vendors so you can be sure you’ll have work done professionally and affordably.
Renting Lees’ Summit Property: Online Access
You’ll want to give your tenants online access so they can pay rent and request repair work. This will ensure you get rent paid on time every month, and tenants will appreciate the convenience of online payments.
If you have any questions about how to avoid tenant turnover or you need help with Lee’s Summit property management, please contact us at Midwest Property Resources. We would love to hear about your experiences as a landlord, and help you improve your bottom line.