Blog Post

Ways to Show Your Tenants a Bit of Appreciation

Dustin Edwards • Apr 09, 2021

Appreciation Can Help You Keep Tenants Longer

Tenant Appreciation
Far too often we take the good tenants for granted. As property owners we might think “well they aren’t complaining so they must be happy”. While a tenant might not be complaining they might not feel appreciated. 

That could lead them to finding a better value locally in Long Beach or the surrounding cities.  

To help you keep tenants happier for a longer period of time consider a few of these tips to show your appreciation.

Gift Card to a Night Out or Even a Cup of Coffee
One of the most stressful times in property management is organizing a repair...of any kind. Whether that is a repair of an appliance, a system such plumbing or electrical, it really doesn’t matter as one has to organize time around the tenants schedule and the respective trade(s) that are needed to complete the repair. In many scenarios the challenge can be resolved in a matter of hours but that isn't always the case. Sometimes, no matter how hard you work, you might have to inconvenience your tenant a bit more than a few hours.

Even if your tenant is easy-going we invite you to consider acknowledging the inconvenience of a repair with a small token of appreciation. If it is a small inconvenience, consider sending a $10 gift card to Starbucks. Maybe it was more of a challenge, like a new oven had to be ordered and it took a few days...then you might get them a nice gift card to a restaurant where they can order the food they might have cooked with the oven.

A small gesture can go a long way and keep a tenant renting for longer than they might have even expected because they know they have a landlord that truly cares.

Letter Informing that Rent Won’t Be Increasing

When you are renting a property you generally aren’t looking forward to a letter from your landlord. You know that generally it is a “notice” of some kind and that hasn’t traditionally been a positive experience.  

To change the experience of your tenants, consider that you have completed your annual rental analysis and you found that while you could increase rent marginally you feel it is best to hold off on increasing the rent this year.  

Instead of letting time pass, consider sending the tenant a letter that states while rent could go up 2%-4% this year you have deemed them a great tenant and will be maintaining their existing rental rate for the coming year. With a simple letter you are showing that you are rewarding them for being a great tenant and that can lead to a happier tenant for years to come.

Unexpected Property Upgrade to Enjoy

Most people enjoy something new and your tenants are likely the same. To show your tenants a bit of appreciation and even add value to your property consider upgrades that even you would enjoy. Here are a couple of ideas:

  • Outdoor Area: Consider contracting for a covered patio area that might even include an integrated outdoor rated fan or even bluetooth enabled speakers to have them enjoying the near year-round great weather.
  • Appliance Upgrade: For appliances like a washer/dryer that are truly doing the dirty work consider upgrading them prior to the end of their lease to allow the existing tenants to enjoy the new appliances.

There are many other ways you could provide an unexpected upgrade to your property and you could even align it with what you know your tenants would enjoy the most to help them to see that you truly value them.

When you want to find out more about how we show appreciation to our tenants and how we can help you as a landlord in Long Beach we invite you to call us today at (562) 888-0247 or you can even fill out our Owner Application and we can develop a custom rental analysis for your property (or properties).

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By Dustin Edwards 01 May, 2024
Everyone wants to feel safe in their homes. As an investment property owner, it's up to you to decide whether or not to include security measures in your property. Many of the costs associated with the security measures can be included in the rent, meaning not only can you keep your property safe, but you can earn more income in the long run. However, you would still want your tenants to have renters insurance to protect their assets. Today, we’ll discuss the top five security measures you can add to your property and why they're beneficial to you and your tenant. Security Cameras Cameras are probably one of the first security measures people think about when asked about security. Cameras provide more benefits than just surveillance. They provide an extra level of security for the safety of the tenants and their belongings. Additionally, security cameras can be useful when repairs are required. Cameras can aid in supervising repairs and maintenance to ensure you’re receiving the agreed-upon work. During vacancies when the property is empty, security cameras can help keep the property safe from potential intruders. Doorbell cameras are incredibly popular now. They provide the aforementioned safety of a camera that can be accessed remotely, as well as the ability to communicate with visitors. Although one must be careful never to say you're not home, just say you're unavailable to strangers. Security Lights Security lights with motion detectors are another effective tool when adding security measures to your property. These lights brightly if a potential intruder attempts to get near your home. They can provide enough illumination to see the intruder or, at the very least, scare them off. Nowadays, you can find a combination of security cameras and motion-activated security lights, such as the floodlight cam wired plus from Ring . Additionally, because these lights only turn on when motion is detected, they’re more cost-effective than traditional lights with a switch. Illuminate the Property Light generally deters intruders as it's more difficult to hide. Adding lighting to the landscaping can increase the security of the property while creating a relaxing atmosphere. Lights can also be used in other areas of the property to accent features such as trees, benches, or artwork. This can help your property stand out while giving your tenants an additional feeling of safety. Keyless Entry Keyless entry is seen as both a convenience feature and a security feature. They usually use an electronic passcode, biometric data, or grant access through a smartphone app. Physical keys can be lost, stolen, or duplicated. You reduce the risk of unauthorized entry by eliminating the need for a physical key to enter the property. Many keyless entry systems include several features, such as remote locking and monitoring. Although keyless entry is a great new technology for keeping your tenants and properties safe, they’re best used with other security systems. Security Company Nothing beats having an extra pair of eyes on your property for security. This is where security companies like ADT and SimpliSafe come in. While companies may deal with security in varying ways, they aim to protect your investment. While safety is the primary role of a security company, remember that many tenants may be willing to pay more for a premium amenity like a home security company. Keeping your property and tenants safe is incredibly important to the longevity of an investment property. If you’re looking to improve the security of your Long Beach rental property or need help managing your beach city rental property, we invite you to call us today at (562) 888-0247 or fill out our Owner Application online .
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