Owning rental property is an excellent avenue for building wealth and achieving your investment goals. However, as many first-time landlords experience, issues involving problem tenants can eat into your income earning potential. Having difficult renters can cost you thousands as you deal with late payments, maintenance surprises, code violations, evictions, vandalism, and possibly even lawsuits. Unfortunately, these events are a part of the everyday business of rental property management. San Antonio, TX landlords know that finding and keeping the right tenants by being a good landlord will save you money and spare you the headache of dealing with these difficult situations.
The Five Golden Rules:
The biggest barriers to owning a successful rental property are vacancy days and tenant turnover. The cost of having your rental vacant can be more than double the property’s rent when you factor in make-ready costs, continued maintenance, and marketing fees. The key is to attract good long-term tenants and keep them by becoming the best landlord possible. At Specialized Property Management, the rental property management San Antonio, TX landlords trust, we’ve found that following these five golden rules will help you be the kind of landlords tenants love:
- Treat tenants with respect, dignity, and honesty.
- Respond quickly to the tenant’s requests and concerns.
- Maintain the property and encourage tenants to do the same.
- Address all safety concerns the tenant may have promptly.
- Be the landlord you would want to have.
Happy Tenants, Happy Landlord
Remember that owning rental property is like running a small business. When you treat your tenants like valued customers, you keep them happy, which increases tenant retention. Responding quickly and thoroughly to maintenance requests is one way to show you value your tenants. Keeping your tenants happy with proper rental property management, San Antonio, TX, landlords know, will help you avoid frequent and long vacancy times. Setting the stage for a good experience will assure your tenants that they’ve made the right decision moving into your rental.
A Helping Hand
Choosing to partner with Specialized Property Management, San Antonio’s premier rental property management company, means you can rest easy knowing that you have the support you need to be an excellent landlord. We’ve streamlined the maintenance process to reduce costs and ensure the highest quality of service. Our priority is to keep you happy by keeping your tenants happy. Call us today!