We love great tenants. Who doesn’t? They pay on time, they don’t cause trouble, and sometimes, they leave the our investment properties in better shape than when they found them. A good tenant is good reason to celebrate.

But really, what are the qualities that make up that ideal tenant? Sure, a nice, friendly disposition is great, and you can connect with someone on a personal level. But we all have friends that we like as people that we wouldn’t necessarily want to work with professionally.

What makes a good tenant good? What should you property manager be looking for—beyond the background checks and usual vetting—when deciding if a tenant is worth trying to retain or sign on in the first place?

It feels good to have a great tenant, doesn’t it? Even the most passive of real estate investors reap the benefits of a good tenant: they pay on time, take care of your investment property, and just make life a whole lot easier for everyone involved. When you manage to attract a stand-out tenant, you’ve got something special: period.

When you find something great, what do you do? You hold on to it, of course!

Remember: the vacancies between tenants are one of the most costly periods for real estate investors. So keeping those times down to a minimum with loyal, quality tenants is a strategy worth considering. Naturally, circumstances mean that you won’t always be able to hold on to a good tenant. People move for a lot of reasons that are beyond your control.

That said...from your end and through excellent property management, you can attract and keep quality tenants that will regret leaving and might just recommend your rental to someone else. But what are the best practices for getting great tenants to stick around anyway? These simple keys may help you better vet property management companies or improve on the systems you already have in place.

What makes a good tenant a happy tenant? This is a question everyone asks when real estate investing.  After all, when you have great tenants who pay on time and take care of your investment property, you want to keep them. Plenty of property managers and owners find themselves befuddled with a good tenant goes elsewhere.

Real estate investors like it when people rent. Obvious, right? After all, investing in real estate is a business and we have to treat it like a business. In a business, the goal is to make money. That, however, is an oversimplified version of the role of the real estate investors. We’re a business that deals with people — people whose lives matter and play important roles in the health of our economy and the real estate market.

This is a philosophy that plays into our role as a property manager.  So whether you are a landlord or you use property management companies to provide service to you, the success of a renter, your tenant, is vital to your success as a real estate investor.  Here at Premier Property Management, we hold four different sets of persons as vitally important to our company.  First, our team.  Second our clients.  Third our vendors.  Fourth our tenants.  These four groups are equally important and the tenant is the one who is so often overlooked.