What's your #1 tip for finding a tenant that stays a long time?
After hearing about some crazy success stories (or what I consider success stories) on having tenants stay for 15 - 20 years, it got me wondering.
What's your #1 tip for finding a tenant that will stay in for many years?
And what's your #1 tip for keeping them in your property for years?
Most Popular Reply
1.) Finding a long-term tenant:
- A tenant who has lived in that city/town for many years.
- A tenant who has limited economic opportunity or interests in career improvement.
2.) Keeping long-term tenant:
- Take away any incentive for them to move. AKA provide a better value than any competitor.