Landlord Quick Tip

Tip #148: Party Animals!

Party AnimalsThere is one instance when it’s okay for a landlord to encourage tenants to party — when the landlord is the one hosting it.

One of the best ways to find new tenants is to get referrals from existing ones.  If a tenant who is moving on can find a suitable replacement, that saves money!

If the tenant is staying, but wants their friends close by, that’s even better -tenants who know their neighbors are more likely to re-up at the end of the lease.

As the weather warms up, take some of the money you were going to spend on advertising vacancies and throw a little shindig for the tenants.  Offer some  incentive for them to invite their friends. It’s a great way to attract new tenant prospects, and it’s a great perk for your well-behaved tenants.

Let 2012 be the year of the tenant waiting list!

See last weeks Landlord Quick Tip.

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