5 Tips to Increase Tenant Retention

Any landlord knows that one of the most difficult tasks of managing residential or commercial property rental is dealing with a high turnover rate for that property. As a rule of thumb, it is more expensive to bring new tenants into a building than it is to retain and re-sign the ones that you currently have, primarily due to the costs of screening and paperwork. There are things that you can do to increase tenant retention, including proper facility maintenance.

Preventative Maintenance

If a facility or residential area is well maintained, it will be more appealing to tenants in the long run. This includes fixing equipment as it breaks down and scheduling regular preventative maintenance to prevent equipment from breaking down in the future. This helps cut down on the cost of maintenance.

Move-In and Out Inspections

Similar to preventative maintenance, conducting inspections any time a tenant moves in or out is a good idea. This is because you can catch problems and make necessary fixes, which is always easier to do when the building is unoccupied.

Cosmetic cleanings

Every once in a while, and always between tenants, it is a good idea to clean the exterior of buildings and update the landscaping around them. If your lot is aesthetically pleasing, it will be more attractive to prospective tenants or those considering staying. Power washing, window cleaning, and other forms of cleaning maintenance are recommended.

Effective systems

Basic facility systems, such as plumbing, electrical, and HVAC systems, are essential to the comfort and productivity of tenants. Preventative maintenance is ideal to keep these systems at their best, as it can help you catch and fix minor problems before they become a major issue.

Streamlined Processes

Maintaining rental property can be hard, but you don’t need to do it alone. By consulting with a team of experts in facility maintenance you can keep the property in the best shape possible for many years to come.

Using our own team of trained technicians and over 30 years’ experience in the field of facility maintenance, MaintenX can be this trusted partner for you. For more information about the services that we offer and how we can help with all your maintenance needs, contact us today.