We buy houses in Aliso Viejo California. As homebuyers in CA, it is possible for anyone to become a property landlord. But not everyone is familiar with finding and maintaining quality tenants. We have put together some ideas to help improve tenant retention to help increase your overall ROI!
Simply put, the more turnover you get, the more days the property will be empty. The more days you spend on your house, the less money you make. You will be able to find high-quality tenants using the strategies described below, who will lease from you for years to come!
How to Improve Tenant Retention In Aliso Viejo CA
What Do They Want To See Improved In The CA Home?
Find out what they’re looking for to fix or upgrade. What a feature you can incorporate to make them say “Wow! I love where I live!” You can start small, with some new front landscaping or even be brave enough to install a hot tub in the backyard. Make them feel like living in a home with affordable improvements and unique features they won’t find elsewhere.
Conjure The Golden Rule In Your California Property
How would you like to be handled if the roles were reversed? You should always be polite and respectful in all dealings. While you may own the property legally, it is also someone else’s place to call home. Call in advance if you need to visit the house. If you need to schedule maintenance, make sure that both their schedule and your schedule are conducive to it.
Life Happens In Aliso Viejo
If you have a great tenant who is never renting a day late, considers the property as their own, and who is the ideal person to have at home, make sure you treat them as such. We’ve all faced adverse experiences. Layoffs, natural disasters, and unexpected events in life can bring financial strain. Try waiving the late fee if the rent is a few days late. Also, give a time of grace until they have taken care of what they need. Don’t become a victim to tenants who want to walk all over you, though. If every month there’s a new excuse or dramatic event, make sure you’re standing your ground. Late fees are levied and evicted if necessary!
Get Personal With The California Home
You’re going to want to make your tenant feel like they’re in a permanent home, a place they can live comfortably forever! You will need to allow flexibility in order to make them feel this way. Of course, within reason. Let tenants paint, add shelving and select the appropriate fixtures. If the house needs a new fridge, allow the white or stainless versions to choose from. (To the point, of course, that they are reasonably priced.)
Don’t Drag Your Feet Making Repairs In CA
To people who actually live in the home, what may not seem like a big deal to you can be seen as a huge deal. A leaky faucet on your to-do list may not take precedence. But the repair may seem like life or death to the person trying to sleep, hearing “drip, drip, drip” from the bathroom. Or sleep or no sleep in this case. Regardless of what the repair is, the objective is to fix it as soon as possible. It’s important for your tenant to know their needs matter. Don’t let the issues go longer than you need.
Sell My House In Aliso Viejo CA
Ultimately, the key to success when making money out of your rental property is to find and retain good tenants. By eliminating vacancies, you reduce the costs of selling, displaying, fixing and cleaning the home which comes along every time a new occupant moves out. Keep the money in your pocket! If you think you need to sell your house in CA, call Premier Property Buyers. We are your local California home buyers who offer cash for houses in Aliso Viejo and we can help you.