Keeping Those Great Tenants

It’s all about the golden rule, whether you own rental properties here in Indianapolis or elsewhere — “Do unto others as you would have them do unto you.” Here’s my recipe for keeping my great tenants happy:

  • Thank them for tending to the house and keeping it clean.
  • Show appreciation for the fact they pay the rent in a timely manner — give them a gift card to a local grocery store or other popular venue, i.e. Target or Walmart.
  • When they call with a repair issue, get back with them immediately, not the next day. This shows you care about them and the apartment.
  • When they have an issue, even if it isn’t something within your realm of duty (like “The cable’s acting up” or “Our internet’s down, for some reason”, don’t brush them off. Try to offer some options toward a solution.
  • When you exceed expectations, your tenants appreciate it. They’ll also share praise of you with other friends/family, often sending you other potential great tenants.

Remember, your reputation is one of your most prized possessions in this business. Providing clean, updated, well-maintained homes is Step 1. Delighting your great tenants is Step 2. And the result? Happy land lording and a happy bank account, of course!