When you get reliable tenants, you naturally want them to stick around as long as possible so here are 7 lease renewal incentives landlords can use with the unpredictable housing market right now.
By Justin Becker
As a landlord, having good tenants gives you great peace of mind. Having decent people on your property gives the assurance that they won’t be causing any intentional damage. Plus, getting rent on time means that you have a steady income stream.
It’s not even about the money you earn, it’s also about the money you don’t lose. A vacant apartment or house is costing you in terms of maintenance, upkeep, taxes, and trying to find new tenants. At the same time, you’re not getting any income from your real estate investment.
So, when you get reliable tenants, you naturally want them to stick around as long as possible. The lease renewal can be a tricky business, especially with the housing market being so unpredictable right now, so here are some lease renewal incentives to consider.
Ultimately, you want to re-sign those quality renters; for that, the following lease incentives could be the best ways to start!
Image: Pixabay
