Every landlord wants long term tenants, especially property management companies , where we want security and the best return on investment for our owners. But there is a time when you need to allow the tenant to break the lease, or the owner should break the lease, and be ok with finding a new tenant. These instances are important to the financial ROI of the property and to ensure an owner does not dig themselves a deeper hole.
Guest or Tenant ???
Tenant retention is one thing every owner strives to accomplish. Longevity equals profitability. Spending a couple bucks here and there, and or spending a little time to understand the needs of your tenants can create that profitable model over time. You can achieve this by building a better open relationship with your tenants. This small article will provide a great reason to form a professional relationship with your tenant, and offer a road map to profitable property management.
