Keeping Good Renters in Asheville, NC
There is no doubt Asheville, North Carolina, is one of the most desirable places to live in all the South. Even throughout the epidemic, which affected many parts of the economy in Asheville, people continued to purchase real estate at the same rate as before.
As people across the country made decisions about where they wanted to work remotely, property values in Asheville continued to rise as families decided if they were going to be stuck at home, they should live somewhere with a view.
People are drawn to the mountains for a variety of reasons, including infinite outdoor activities, wonderful restaurants, career opportunities, and the presence of the arts. Therefore, rental property might be scarce, and owners might be tempted to assume their vacancy times will always remain short.
However, this may not always be the case.
If you have good renters, you need to do everything you can to keep them around. Asheville Phoenix Properties can help you hang on to your best renters and improve your tenant/client relationships.
How to Keep Good Renters in Asheville, NC
Make Some Upgrades
Displacing your renters to make upgrades might not be a good idea, but when you have a vacancy, here are a few improvements that will attract long-term tenants (and improve property value):
- Upgrade flooring and replace the carpet
- Paint walls in neutral colors
- Replace cabinets and appliances
- Upgrade landscaping and outdoor seating areas
- Upgrade lighting
- Create a home office space
Respect Renters’ Privacy
If you are frequently going in and out of your rental property, you can anticipate your tenants becoming annoyed. There are many restrictions in place to protect tenant privacy as well.
The more your renters can feel like the space is their own, the more likely they will be to stick around.
Maintain Good Relationships
One of, if not the most important, components of owning and managing properties is maintaining stable and courteous relationships with renters. Tenants who feel like they lack trust, communication, and professionalism are more likely to become unsatisfied.
If you develop a poor reputation, it will spread, and the earnings you worked so hard for with your property will disappear.
Use a Property Management Company
Renting your property is a great way to generate additional income. However, your side hustle project is someone’s home. It is their refuge and shelter. It is, essentially, their life.
They don’t know or care how busy the property owner might be if they have an issue. They just want it to be dealt with as soon as possible.
When you live in a different area from your rental property, when you are not a master of maintenance skills, when you don't want to be "on-call" 24 hours a day, seven days a week, and when you have other work obligations or investments to which to attend, working with a dependable property manager is essential.
Your property manager can help you free up time and energy for other initiatives, responsibilities, and interests. In Buncombe County and Asheville, NC, Asheville Phoenix Properties is here to help you maintain excellent tenant relationships, so you can hang on to good renters.