Reward tenants every year. Although you might think I’m schizophrenic by telling you in previous articles to raise rents and then, here in this article, to reward tenants for staying, you will see that it goes a long way toward making the tenants happy and toward increasing the value of your property. For instance, install a ceiling fan, a screen door, a brass doorknocker, or even clean the carpet as a reward for paying rent on time, being good tenants, or renewing their lease. Tell them about the gift when they move in. Give them something to look forward to. When you give the gift to them, make it a big deal. Reward the good tenants, and get rid of the bad ones.
