How to keep your tenants from moving on

Many landlords know just how difficult it is to find good and reliable tenants that they can count on to pay the rent on time, clean and secure the property and be a pleasant neighbour to others. So once a good tenant has been found it is important to hold on to them for as long as possible.

Properties differ of course and tenants differ too. For example, house share tenants usually stay for shorter periods and move on to other areas as their job situation changes. There is little you can do about this and it’s quite normal. Also family structures change, and because of current high divorce rates, many tenants find they have to find a new house when their relationship has broken down because they can’t afford the one they are in.

There are a few steps you can take to prevent your tenants moving on:

  1. The first thing to consider is why tenants leave in the first place. Some have to leave because of a change of job or change of branch location. Some, as mentioned above are forced to leave because they can no longer afford to rent the house because of divorce or separation. Your tenant may be considering leaving because she feels you are not addressing her problem.
  2. Look after your tenant. They should feel that you care for them and have their interests at heart. That includes being quick with repairs and installations and this alone has proven to work well for the landlord and tenant relationship. If their shower has stopped working, or a tap is refusing to turn off, ensure you are available and can get help to them swiftly.
  3. Consider rent increases carefully. From time to time it may be inevitable that you will have to raise the rent to keep up with costs but it’s always good practice to delay this as much as possible. Also, if you have a reliable tenant that pays the rent on time then you should consider this carefully because an increase could often trigger them to start searching for a new property and they may well see a cheaper and nicer place.

Get in touch with the Abode Lets team to help you with managing your property and finding the best tenants. You can reach us on 01656 667606 Monday to Friday.