January and February are traditionally the times of the year when most tenants will renew the leases for their Central Valley Rental Properties.
Sadly, these months are often very busy for most property owners because they are spent chasing down the tenants just to find out if they plan on renewing their leases for another year.
In this post we will share with you 3 tips for having easier lease renewals with your tenants.
Tip #1 – Make Your Terms and Conditions Easier To Read
Although you may have been using your current lease for years now the reality is that some tenants may find it difficult to read especially if there’s a lot of complicated “legal ease” in your lease.
For easier lease renewals at your Central Valley Rental Properties take the time to read your lease from start to finish and remove any complicated language from the lease or have it completely rewritten so that it’s easier for any tenant to understand.
Tip #2 – Offer Your Tenants Gifts for Renewing
Let’s say that you have one or more tenants at your Central Valley Rental Properties that you would hate to see go, in these cases it’s best to offer some gifts to your tenants which will entice them to renew their leases.
Consider offering gift certificates or gift cards to local restaurants, free memberships at local health clubs, and vouchers for stores or salons in the area.
Tip #3 – Educate Your Tenant about the Current Rental Market
If you decide to increase the rent slightly at one or more of your Central Valley Rental Properties make sure that you take the time to educate your tenants on why your rental property is still affordable when compared to other properties in the area because this step could save them the hassle of searching for another property only to realize that they had a great rental with you.
Get Property Management for Your Central Valley Rental Properties
Are you interested in property management for your Central Valley Rental Properties? Contact RPM Central Valley today by calling us at (209) 572-2222 or connect with us online.