Four ways your property manager will increase lease renewals

Getting residents to resign leases is one key to maximizing the revenue from your investment property.One of the biggest concerns for those with rental homes Oklahoma City is to getting tenants to sign renewals at the end of their leases. If you have rental properties OKC, you are probably concerned about how your property manager is working to make sure more of your tenants stay on at the end of their leases. Here is a quick overview of some of the strategies your property manager will use:

 

  • Update contact information. One of the easiest ways for property managers Norman to start talking to their clients about lease renewal is to update contact information near the end of a tenant's lease. Calling every single tenant in your rental homes Oklahoma City may seem tedious, but confirming contact information serves some terrific purposes. First, it puts property managers Norman in touch with their clients. Talking to residents gives you a chance to gauge their interest in resigning their lease and address any outstanding issues they may have. Perhaps a resident at one of your rental homes Oklahoma City needs a maintenance issue taken care of. Updating contact information is a great way for property managers Norman to identify and take care of small issues that have been bothering tenants.

  • Follow up on completed maintenance.Property managers in Del City can work to increase overall tenant satisfaction by simply calling residents to make sure all maintenance issues were taken care of to their satisfaction. Property managers in Del City can call, email or send a text message to tenants to find out if they have any complaints or comments about the work that has been completed. There is a strong relationship between poorly completed work orders and resident turnover atrental properties OKC.

  • Be honest about rate increases. Tenants really appreciate it when property managers Edmond OK are honest about upcoming rate increases. Show your tenants what the average rental rate increase for rental properties OKC is and make sure that yours are a bit lower. Property managers in Del City know that the cost of turning over a unit to a new tenant is extremely high compared to offering a smaller increase in rent compared to the market average.

  • Walk your property.Property managers Edmond OK know that tenant lease renewals are largely connected to a resident's satisfaction with the physical condition of the rental property. It is important for property managers Edmond OK to walk the properties identifying possible maintenance issues. Maintenance issues that can be easily completed are more likely to raise tenant satisfaction; opposed to larger maintenance projects with may have a marginal effect upon the likelihood of a tenant resigning a lease.

 

OneProp Oklahoma City property managers know that making the most of every opportunity to increase tenant satisfaction is the key to getting residents to resign their leases. As a property investor, you want to make sure your property manager is taking every opportunity to make sure residents stay at your rental property longer. Talk to your OneProp Oklahoma City property manager about the strategies they will use to make sure more residents resign their leases today.

 

 

 

 

 

 

 

ONEprop Oklahoma LLC is a Real Estate Brokerage licensed by the State of Oklahoma, OREC license number 157720