How To Build a Long-Term Tenancy

If you think you’ve found a star tenant, you definitely want to keep them around for as long as possible.

Consider your tenant’s interests as important as your business. You want to establish a long-term rental relationship built on mutual respect and wherein you encourage one another to make each other’s lives easier.

Even before the tenancy begins, reach out to potential star tenants who might seem hesitant. Perhaps they are in a situation that requires a grace period. Showing you value their time and allow for compromises is a great first impression.

Start the tenancy with a warm welcome. Are they new to the neighbourhood? Provide some recommendations of the best restaurants and hotspots.

Maintain the little things. Be consistent in providing a safe and comfortable rental. Neglect is often the root of property rental troubles, so be sure to respond to maintenance requests as soon as possible.

Your investment property is your tenant’s home too. Respect their personal space and privacy. Always have communication lines open and notify the tenant ahead if you plan to enter the property.