What the tenant would not be love the charm of high speed Internet and a computer of their very own? This is one of the many incentives that investors and owners are offering in order to retain or reward long term tenants. There are other rewards that are equally effective and owners of cost slightly less to maintain tenants such as gift cards for restaurants, after the renewal of a lease or gift cards to furniture stores for a lengthening existing leases. Savvy investors realize that an empty House, apartment, mobile home, etc. it is money that is being lost every month that these sit empty.
Experienced investors themselves also realize that retaining tenants more often are able to extend the installation of new carpet, new paint and other cosmetic repairs that are often required when a House is upside down. In addition to the cost of these repairs there is also the problems of these repairs as many of these cannot be completed during a day or two and leave the apartment out of Commission for at least a week, if not more. Bottom line is that the time that the apartment is empty, it is essential that income is lost.
If you have an empty apartment or House, there are things you can do to entice tenants to sign a lease. One thing that many tenants find attractive is offered allowing them to choose the color scheme for the walls and floors. Too many rental units only allow white walls to their tenants. Imagine the benefits not only allowing them to have walls in designer colors, but also doing the job for them. This is a great incentive for many tenants that like the idea of the final appearance, but not necessarily the expense or work involved in creating that look. The possibility of having the colors of choice when moving is a huge bonus to many tenants that must not be neglected or overlooked.
Another thing that tenants are useful and appreciate in rental property are small luxuries like a dishwasher, disposal, microwave, washing machine or dryer. These things are luxuries that many find worth signing a lease longer and even paying a little extra each month. Garage and carport are another great bonus potential tenants if you have the facilities to provide this. There are other improvements you can do to a property that makes it more attractive for long-term tenants. Some of these would include ceiling fans, a fenced in yard for children or pets and cable television access. These little touches that often turns to tenants and you’ll be amazed at the difference they make.
Offering your tenants something that every other host in the zone fails to offer stand out from the rest are. You’re also creating a tenant ‘ spoiled ‘ that is not going to settle for what other hosts have to offer when it comes time to renew the lease. For this reason that he or she is likely to remain for another six months or a year, until the end of the new lease, when, as the investor that you are, you can get them to mention once again their price for stay and offer yet another great incentive to keep your customers happy and in place.
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