Wednesday, January 27, 2010

Back to Basics - tip4

Tip 4
Look after your Quality Tenant

Tip 4 is as important as Tip3. When you find a quality tenant, hold onto your quality tenant. Negotiate reduced rentals, no escalation or a small escalation. Maybe repaint the property – remember a well maintained property will attract quality tenants. And the maintenance is a tax saving.

In my experience, tenants who have been well looked after, who have moved on and later find themselves requiring rented accommodation, come back.

Follow through to the end, when the tenant vacates inspect the property, note damages and be fair about any claims and the cost. And finally refund the tenant their deposit as promptly as possible

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