Tenant Appreciation Tips

It's surprisingly easy to remember the bad tenants you have through the years of being a landlord. It's human nature to dwell in the negatives and remember the bad times more often than the good times. For this reason It's easy to overlook a tenant who has no complaints, respects the lease agreement, and always pays on time until they move out.

There is an old saying that states “you have to spend money to make money” dating back hundreds of years. However, for the success of your business you should spend money where it matters. Dont ignore the good tenants just because they’re doing what you expect. A happy tenant is more likely to be a long term tenant, providing consistent cash flow from your rental property.

Below are a few suggestions and tips to show your appreciation to your tenants, and hopefully keep them living in your Long Beach rental property for years to come.

Gift Cards

Gift cards are an affordable gift that can go a long way with tenants. A gift card to provide your tenants with an enjoyable meal “on the house” after an inconvenient repair will show them you care about their time. Other opportunities to show the tenant you appreciate them through a gift card includes the holidays, birthdays and after a lease renewal.

Gift cards are a small gesture that can really turn the way your tenant feels about their landlord. Keeping them happy and providing steady income without any animosity.

Break on Rent

An incentive to pay consistent for 6 months at a time is a simple way to build good habits with your tenants. A gift of a rental rebate of $100 or $200 is a small price to pay to help a tenant prioritize paying on time for months. Setting up the rebates during the holidays will give tenants the opportunity to spend the extra money on the family or themselves. Reliable tenants can save you a great deal of money and time in the long run.

Be Responsive

Tenants hate nothing more than having to pay rent while something in their home needs repair. This gives tenants the image that you are just there to collect their money, and don't care about them. 

Be responsive, it’s the tenants duty to pay their rent on time and your duty to make sure their home is in working order. A quick resolution to a repair show’s a tenant that you care about their comfort and well being. This is not only good for the tenants but for your own property, if repairs aren't dealt with promptly they can lead to costly damages in the future.

Get to Know your Tenants

Having good communication with your tenant can lead to a great relationship. Organizing events for tenants helps build amazing landlord-tenant relationships. For example, an outdoor picnic gives landlords the opportunity to interact and get to know the kinds of people that live in your rental property as well as lets your tenants see you as something more than their “rent collector”. 

Even if a tenant is unable to join, simply inviting them makes them feel like they’re important.

Say Thank You

These 2 words are incredibly powerful when showing appreciation. Express your gratitude whenever possible, for example leave a thank you card for new tenants when first moving into a vacancy. Say thank you when tenants resign a lease and let your tenants know how grateful you are for having amazing tenants like them renting your Long Beach rental property.

Some tenants come and go but great tenants are some you don’t want to see leave. Show them you care as often as you can. A happy tenant will tend to live in your rental property for years and feel uncomfortable taking the risk or finding another great landlord. If you need help showing your appreciation to your tenants feel free to call us at (562) 888-0247 or feel free to fill out our free rental analysis to see what your rental could yield today.