Skip to Content

The Art of Tenant Retention in Lubbock

Lubbock Property Manager Shaking the Hands of Satisfied TenantsThe secret to a financially beneficial Lubbock rental home is all about attracting and keeping the most ideal tenants. This means identifying tenants who pay in a well-timed manner, care for the property, and get on well with the neighbors. But just because you’ve tenanted the vacancy doesn’t mean your obligation is done. One of the major mess-ups a property owner can choose is pushing away those same tenants because of neglect or misunderstanding.

Favorably, there is a great deal that property owners can execute to retain a great tenant. Probably the most convenient and most vital scheme is to create friendly relations with the tenant by checking in on them every so often. Good tenant communication can go a long way toward a happy, satisfied tenant.

This method works right when mixed with a second, but likewise important system: being proactive about maintenance and repair. Tenants like to stay in a home that is in good state and admire a landlord who not only replies in an on-time manner to repair requests but also executes periodic maintenance without being requested. A property owner who exhibits efficient property maintenance practices will inspire their tenants most to perform their part also.

Together with regularly scheduled maintenance, owners can add to tenant retention by involving the tenant in managing the property. Ask the tenant if they are enjoying the rental home and if there is anything that needs maintenance or repair. Certain owners refrain from asking or considering such issues because they are worried that tenants will demand pricey or excessive renovations or replacement of things. But think of the alternative: if the tenant leaves, you’ll be forced to spend far more in finding new tenants and in the process developing the property for that new tenant compared to procuring that new dishwasher (or carpet, or sprinkler repair) they originally asked for.

Just in case a quality tenant is thinking of moving, try to ask why they are moving out and whether there’s something you could do to entice them to continue renting with you. Many times, if a tenant is moving to another rental house in the same area, there’s a specific reason that can be countered or an obstacle that can be overcome. Bear in mind, keeping a quality tenant is a far more profitable strategy than operating a revolving door rental house.

Finally, tenant retention is an art that can be learned and attained as time progresses. The good thing is that the professionals at Real Property Management Services can really help you. We understand what it takes to locate and keep quality renters in Lubbock. We make healthy tenant relationships look easy and can take care of the day-to-day communication for you. If you want to know more contact us online or by phone at 806-853-6546 and we would love to assist you with your tenant relations today.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.

The Neighborly Done Right Promise

The Neighborly Done Right Promise ® delivered by Real Property Management, a proud Neighborly company

When it comes to finding the right property manager for your investment property, you want to know that they stand behind their work and get the job done right – the first time. At Real Property Management we have the expertise, technology, and systems to manage your property the right way. We work hard to optimize your return on investment while preserving your asset and giving you peace of mind. Our highly trained and skilled team works hard so you can be sure your property's management will be Done Right.

Canada excluded. Services performed by independently owned and operated franchises.

See Full Details