FIVE TIPS FOR KEEP­ING TEN­ANTS

The Oban Times - - Property -

Land­lords know that it’s al­ways bet­ter to have ten­ants in your property. Ev­ery time you have to source a new ten­ant, you will in­cur costs com­pared to hav­ing a long-term ten­ant - not to men­tion the in­come you will lose dur­ing void pe­ri­ods. If your ten­ants are not re­new­ing their lease, there are some steps you can take to ad­dress the is­sue. When you re­ceive no­tice, ask ten­ants why they are leav­ing. You might find out there is a prob­lem that is eas­ily fixed, or a fea­ture of the property that is not de­sir­able in the long term. A stan­dard ques­tion­naire at the end of a ten­ancy is a good way to stay in­formed. Con­sider the con­tact you have had with the ten­ant. If ten­ants are al­ways com­plain­ing about the same is­sues, have you got­ten back to them promptly and re­sponded in a pro­fes­sional man­ner? Check your property thor­oughly. Not all ten­ants will com­plain, so it’s worth per­form­ing a care­ful property in­spec­tion and fix­ing any is­sues promptly. Are your rules too re­stric­tive? If you don’t al­low pets, chil­dren or even let the ten­ants re­dec­o­rate, you might want to re­con­sider. Of­fer a longer ini­tial term at the start of the ten­ancy. Rather than a six month ten­ancy, you might con­sider longer op­tions. For ad­vice on mak­ing your rental property at­trac­tive to qual­ity, long term ten­ants and en­sure you can get the best re­turn on your in­vest­ment, give our ex­pe­ri­enced Let­tings Team a call to­day.

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