Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

70
Posts
33
Votes
Michael Julian
  • Investor
  • Franklin, TN
33
Votes |
70
Posts

The carrot vs the stick

Michael Julian
  • Investor
  • Franklin, TN
Posted

Do you ever give your good renters bonuses? Last Christmas, I gave two of my best renters $50.00 gift cards to spend however they wished. These were tenants that paid every month early or on time, and maintained my property with meticulous cleanliness. They rarely had issue unless something required my attention for repairs. They really appreciated the little bonus and have become my best renters by far.

They are roommates, and one of them has purchased a house, but I would really like to keep the other if she can afford to keep the place herself, (or can find a qualified roommate). I was thinking about offering a small bonus if she signs another one year lease. 

Is this anything anyone else has done to keep those elusive, "perfect" renters?

Most Popular Reply

User Stats

2,011
Posts
1,614
Votes
Richard C.
  • Bedford, NH
1,614
Votes |
2,011
Posts
Richard C.
  • Bedford, NH
Replied

This comes up from time to time.  Despite massive piles of research, backed by real-world experience, that positive reinforcement is more effective than negative reinforcement, the vast, overwhelming number of landlords will only entertain negative reinforcement techniques.  I expect that is the response you will get from this thread.

Loading replies...