Doing the proper screening can make a huge different in attracting long terms tenants. Since it costs on average more than $4000 to replace a tenant, landlords should do all that they can to keep good tenants.

1. Houserie

2. Turnover Costs

 When a tenant chooses
not to renew their
lease, it could cost the
property owner
thousands of dollars
 Turnover costs include
carpet
cleaning, painting, rent
lost for days
vacant, and more

3. Clean Up Costs

 When a tenant moves out, the property needs to be
thoroughly cleaned
 Carpets and appliances need to be cleaned or
replaced and painting might be needed as well
 Small repairs might be necessary

4. Empty Unit Costs

 Loss of rental income
 Advertising costs to
find a new tenant
 Fixed costs such as
utilities and taxes will
still have to be paid

5. Neighborhood Stigma

 A high tenant turnover rate will have a negative
impact on the neighborhood/community
 Tenants that have lived in a property a long time are
more likely to give a positive review

6. Good Tenants are Hard
to Find

 Tenants with a good credit score and background
check and who take good care of your property are
not easy to find
 It’s important to keep them happy when you find
them as tenant turnover is expensive

7. Be Accessible

 Tenants are unlikely to
renew a lease with an
absentee landlord
 Respond to all reported
issues asap; be honest
and don’t delay

8. Go Above and Beyond

 Making your property stand out will help your
tenants choose to stay
 Providing extra services like parking lot
lighting, commercial garbage bins, and extra
landscaping and cleaning around the property will
be welcoming

9. Appreciate Your
Tenants

 Offer discounts for paying in advance or automatic
payments and small gifts for special occasions
 Be a landlord that is personable and reasonable and
keep the lines of communication open

10. 
Proper tenant screening
will ensure you are
getting the best possible
tenant!
Check us out today: http://www.houserie.com