As the holidays end, investment homeowners may often feel like changes should be made in the coming year in relation to the pricing of their rental home. Since the new year is already upon us, now is the time to reflect on the success, or enhancements, that were made during 2017 to make better-informed decisions concerning your rental property in 2018. Most other industries are in full-force during the holiday season and at the turn of the year; however, far-too-often investment seekers get comfy or caught up in their holiday plans, which may result in management jobs that slip through the cracks due to their rental properties.
On the other hand, the conclusion of the year is the best time for homeowners to concentrate on their loved ones and friends, making property management solutions much more useful at this time. Don’t begin the new year on a bad foot with your residents in case you’ve neglected significant repair or management problems. This may often result in tenants not only renewing their contracts at the subsequent calendar year, then you’re left looking for new tenants.
Make excellent property management services a priority this coming year, and not just another New Year’s resolution that is soon forgotten. In Real Property Management Eclipse, we encourage you to stick to great property management customs at all times of the year an watch how this affects your resident retention.
Check out these two end of year resident retention tips to start the year off right:
1. Respond Promptly
There’s nothing more annoying throughout the holiday season compared to waiting in long lines, simply to get less-than-cheerful customer services. During the time you’re an investment property owner, it’s necessary that you use a home management staff which reacts immediately, and does this in a skilled and positive way. This assembles a fantastic connection with your own citizens and affects their choice of where they will live next year.
2. “Holiday Hours”
Property management is easily a 24-hour task and one that depends upon high-quality support in every hour of the evening. Both you and your tenants will be glad when your house management staff continues this support through one of the busiest times of the year.
If you learn from these tips as 2017 ends, you can start 2018 off on the right foot, with higher retention rates and happy tenants. If you would like more information about our property management services offered by Real Property Management Eclipse, contact us online or call us at 425-209-0252 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.