LJ Hooker

A Seasoned Property Investor’s Guide to Maximise Returns p. 29 Make sure you have a regular property maintenance schedule to help prevent ‘issues’ from arising. Ensure you schedule in regular checks such as testing smoke alarms, replacing batteries where needed, and look for leaks in the roof, around the water heater, toilets and sinks. Work with your property manager to ensure a quality tradesperson regularly visits your property to check on everything, and will help create trust between you and your tenants. Make your tenants proud of the property Everyone likes coming home to a well maintained property, and tenants are no different. Spending money to make sure your property has good curb appeal will go a long way to making tenants proud to live there. If your property is a house, professional landscaping and landscape maintenance are two of the best, most cost effective ways to firstly increase the value of the property, and secondly keep your tenants happy. Ask your tenants to renew the lease At about 90 days before the lease expires, make sure your property manager contacts your tenant/s and asks them to renew the lease. If you’ve been a great landlord by following the tips above, then you should have no problem convincing your tenants to renew their lease. Ways to Improve the Odds of Tenants Renewing Their Lease 04