I’ll give you a lollipop if you decide not to move

By
Services for Real Estate Pros with Kasteel Property Management - Property Manager DRE# 5495981-PB00

 

 

I have heard of different incentive programs that are supposed to increase the length of time tenants stay in a rental home.  Such as, earning points for rewards, giving out privlages, parties, etc.  I would like to hear if anyone has had any real, measurable success with these but here is my take on them.  If they cost anything at all then they are a waste of money.  There are some things that a property manager should be doing anyway that will be just as effective or more effective.  Also, no matter what you do tenants will eventually move anyway.

 

In general, your tenants will stay as long as the home is serving their needs.  So if you have a good product (the home is nice and well taken care of) and you provide good service (maintenance issues are handled quickly and properly and you are available to answer questions and take care of issues) then they will be happy and stay unless some life event forces them to move.

 

In the case of a life event coming up, such as a new job, buying a home, or new baby, then anything you offer will be about as effective as offering them a lollipop - meaning they will move anyway.

 

In short, a tenant wants what we all want.  Good service and a good product that meets their needs at a resonable price.  Anything else is unneccessary.

 

Knowing that tenants will eventually move, despite our excellent service, our office has an intense focus on filling vacancies and we have a great success rate at getting them filled fast.  See our short video Filling Vacancies on the property owners page of our website, http://www.kasteelproperty.com/short-videos/.

 

 

Just one of the many ways we work harder and smarter to protect your investment.

 

 

Jeff Stinson

Kasteel Property Management 

801-787-1177

www.kasteelproperty.com

Comments (4)

Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

Great post, and so true Jeff Stinson . You made a LOT of great points about renters and the process of renting.

Feb 25, 2016 05:28 AM
Jeff Stinson
Kasteel Property Management - Property Manager - Springville, UT

Thanks for the comment

Feb 25, 2016 05:33 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeff, never thought of landlords doing special things to keep their tenants, especially those who are GOOD tenants.  Great post!  

Feb 25, 2016 10:25 PM
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

The other end does want what we want. Good customer service and it is all we have to provide in the can I help you and how.

Feb 26, 2016 12:05 AM