There is much debate over where the saying “You can’t have your cake and eat it too,” came from, but when it comes to reducing vacancies and maintenance costs at your rental property, Real property Management says you CAN have your cake and eat it too! Sound too good to be true? With the Real Property Management Fort Worth, TX office on your side, it’s not.
To a rental property owner, you may consider your “cake” as happy tenants that stay longer, pay rent on time, and take care of the property. Keeping tenants happy usually results in less vacancy days at the property, which also increases your cash flow.
But how do you keep them happy?
Tenants tend to mirror what they see from their landlord. If the landlord is proactive in taking care of maintenance issues, responding quickly when things need attention, and showing that they care for the home, tenants are more likely to do the same. However, if a landlord is lax when it comes to maintenance issues, they will generally experience a higher tenant turnover rate.
So you have your “cake,” are you ready to “eat it” too? Now that you know how to keep tenants happy, what about saving money on maintenance costs? This does not mean ignoring problems as they arise. The fact is, no matter how ideal of a tenant you have occupying the home, appliances are still going to break, and things will need to be repaired and/or replaced. Cost-effective maintenance is best achieved when the landlord is proactive about maintenance issues, performs seasonal maintenance and inspections, and makes sure the home is up to code and ready before a new tenant moves in.
Real Property Management Fort Worth, TX suggests setting aside 1-2 months of rent per year to cover the costs of maintaining a rental property. By partnering with us, you can also receive discounts on appliances, cleaning and remodeling services from our network of partners.
By keeping tenants happy, and being proactive about maintenance, you CAN have your cake and eat it too!