Any Denver-area property owner who has had a perfect tenant knows it’s an enviable situation. Although some quality tenants leave because of job transfers or to buy a home, there are ways to motivate conscientious tenants so they renew their leases. With quality property management to look after your tenants’ maintenance needs and solve other problems, you can greatly reduce the amount of time your home sits vacant. Also, having a property manager screen potential tenants improves your chances of finding that stellar tenants. Some novice property owners wonder how far they should go to keep a good tenant. According to an article by About Money, there are a few simple tips to follow when you want a tenant to review a lease.
Be prompt about home rental tenant requests
DIY landlords who aren’t handy may have the best of intentions, but it’s not always easy to line up a plumber or electrician on the weekend or holidays. A good property management company immediately responds to requests for repairs. According to About Money, the goal is for a tenant to feel as though they are a top priority. By hiring a property manager, you are showing your tenants that you think they are worth it. For property owners who live out-of-state, the need for property management is even greater.
Keep up with the curb appeal of your Colorado Home Rental
Some real estate investors neglect curb appeal when they aren’t trying to sell a property or flip it for a profit. Landlords may not care as much about the aesthetic appeal of a rental when it’s already leased out. If you want to keep a good tenant happy, rely on your property management company to maintain the yard and entryway. Cleaning or painting the mailbox, filling in mulch, planting native Colorado trees or plants can work wonders on the curb appeal so your tenant feels proud when pulling into the driveway.
Update the interior of your Colorado Home for Rent
If you have owned your rental property for many years or bought an investment property that hasn’t been updated since 1970, invest some money in improvements. The top priorities for your Colorado rental property include safety and energy-efficiency. Next on your list is to make the space more contemporary. You don’t need to completely gut the kitchen to keep a good tenant. However, small efforts such as replacing kitchen or bathroom flooring, adding a new kitchen backsplash or replacing worn carpet can mean a lot to a tenant who was contemplating moving out when the lease expires.
At Legacy Properties-PM, we can help you with all your property management needs in neighborhoods such as Parker, Highlands Ranch, Lakewood, Cherry Creek, Aurora, Littleton and Centennial. We are proud members of the NARPM, the National Association of Residential Property Managers. For more information on real estate investing in Denver, please call 720 989 1996 or contact us.