What do you get your tenants for Christmas?

Rental Property Investor · Brooklyn, NY · Member since 2019 · 106 posts · 47 votes

Fellow Landlords,

Given our tenants are our main customers, and the fact that the holidays seasons are approaching. I was curious to know how creative you all get when it comes to treating your customers for the holidays? How do you treat your tenants? What gifts do you give them? (if any)

0 Reply

217 views

Most Popular Reply

Frank Geiger

Rental Property Investor · NC · Member since 2018 · 776 posts · 776 votes

I give them a place to live in exchange for monthly rent payments.

92 Reply

See this reply in the discussion

81 Replies

Jump to latestLatest

Sort by

Terrell Garren
Rental Property Investor · Concord, NC · Member since 2016 · 1k+ posts · 3k+ votes
6y
LOL. If someone searches on BP now for 'dead hooker stuffed in the closet' they will actually find something.

2 Reply
Pat L.
Rental Property Investor · Upstate, NY · Member since 2012 · 3k+ posts · 3k+ votes
6y
We had a couple of tenants bitching about the snow removal guy. Yet they park making it impossible for the guy to plow so they have to shovel themselves out. I'm buying them larger snow shovels for Xmas.

2 Reply
Ghenia Flewellyn
Investor · Fort Lauderdale, FL · Member since 2015 · 83 posts · 51 votes
6y
@Ley Nezifort I give them 200 off rent for December. I've done it for 12 years. Most of my tenants have been with me for over 6 years ...(expect my new purchase of course).
3 Reply
Syed H.
Developer · NY/NJ/PA · Member since 2018 · 758 posts · 935 votes
6y
Gifts to tenants? Lol.
I do give some gifts to my agents, workers, and contractors. Buying my main handyman a new drill and some cash.
0 Reply
John Barrows
Real Estate Broker · Auburn, WA · Member since 2015 · 151 posts · 106 votes
6y
A notice that the rent is going up at the first of the year......
1 Reply
Josh Johnston
Member since 2019 · 51 posts · 36 votes
6y
Originally posted by @Joe Splitrock:
@Ley Nezifort generally speaking it is a bad idea to give gifts to tenants. Your role as landlord is to take care of the property and allow them quiet enjoyment. The only time they want to hear from their landlord is when you are fixing a problem.
The problem with giving gifts is it gives the perception that you have extra. Tenants can feel frustrated when a landlord raises rents, then gives them gifts. It sends mixed messages. Tenants may also feel obligated to give gifts to their landlord in return. There also becomes an expectation of a gift every year. In the future when you have a bad year and choose to not give a gift, it appears you are being cheap.
Tenants don't expect gifts and whether you give them a gift or not will have no effect on how long they stay at your property. No tenant is going to think to themselves, "I was going to move out next month but after getting this $25 gift card, I will stay another year." People move when their needs change. When they want to upgrade their life style or need to change location.
There is nothing wrong with sending a holiday card thanking your tenant for their loyalty, but I wouldn't do any more than that.

That was a really convincing argument. Thanks for the wisdom, Joe!
2 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.