HOW TO ATTRACT AND RETAIN GOOD TENANTS

23-Mar-2021

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retain good tenants

Finding a good tenant is one thing, but retaining the tenant is another. When you consider how much revenue you’ll miss out on if an investment is sitting vacant or if your property is left in poor condition – you’ll clearly understand the importance of finding and retaining good ones. That’s where your Property Manager comes in and why it’s so important to have a strong team behind you.

Today we’ll take you through the qualities to look for as well as how a great Property Manager can help you identify and secure the best tenant for your investment property.


Thorough screening of applications
This is undoubtedly one of the most important steps to finding a high-quality tenant. That’s why we believe it’s essential to set up the tenancy correctly from the get-go. This includes quality marketing, thorough tenancy checks, detailed property inspection reports and a strict policy towards rental payments and property maintenance. We enable you to make a fully informed decision about the best possible tenant for your property.

Maximise the appeal
Renters often spend considerable time looking for a property to rent and as a result, they are very critical as to what features they will actively seek out. Make sure you talk to your Property Manager about what they would suggest to add or change to maximise your property’s appeal. They can guide you on what your target tenant group would value and the impact it could have on your property. Checking in with them can also help you ensure your changes both add value and help attract tenants. We make sure you spend less yet achieve the highest possible return.

Create a compelling rental listing
By creating an impactful advertisement, it’ll ensure your property stands out on the rental listing portals such as rent.com.au, realestate.com.au or domain.com.au. Our property managers will ensure photography and copy are of the highest quality combined with open homes conducted at optimal times which ensures your property will be seen by prospective tenants.

Ensure you’re charging market competitive rent
You don’t want to price yourself out of the market nor do you want to undervalue your property as that impacts your rental yield. Our Property Managers are local market experts with our finger firmly on the pulse, meaning we can provide an accurate appraisal of your property’s true rental value. Feel free to get in touch with me to find out if you’re achieving the maximum possible yield.

Look after your current tenants
Having Property Managers that look after your current tenants, address their needs promptly and proactively stay on top of any maintenance issues can help ensure you keep your tenants happy. If your tenants decide to leave and they were happy with their tenancy, they’ll most likely tell their renting friends. In many cases, their friends will be a similar calibre tenant and look after your property in a similar way.

Curious to find out if you're achieving the maximum possible return?
Get in touch with myself for an accurate appraisal on your property.

Eva Christodoulou
Mobile: 0438 431 345
Email: eva.christodoulou@lucasre.com.au