Owning a rental property is not an easy thing. It is easy to put on rose-tinted glasses and just see real estate investment as a business that takes care of itself, but the reality is quite different. Tenants have needs; properties have issues. Without the right plan to keep great tenants in your Buncombe County, NC, property, the rental business can become a nightmare. 

To help, we have put together a few quick tips on how to keep great tenants! We hope they help.

What Is a Great Tenant to You?

While having some tenants is better than having no tenants, the first question all future landlords should ask is: What does a great tenant look like on paper? Building a buyer persona for your properties is a great way to come up with your ideal tenant. This not only gives you a demographic to market to, but also allows you to flesh out who you would trust to live on your property. 

When putting together a picture of your ideal client, consider the following characteristics.

• Age
• Education
• Gender
• Interests and Hobbies
• Income
• Lifestyle
• Family or Marital Status
• Occupation
• Location

Once you have an idea, you can begin marketing to clients that fit into the demographic you want to cater to. To further explore attracting great tenants, check out our blog, “How To Draw Strong Tenants.”

How To Keep Great Tenants in Buncombe County

Once you have filled your vacancies with quality tenants, keeping them around will ensure that your rental business will do well with little issue. When considering the needs of your tenants, it is important to incentivize them to stay beyond their lease, especially if they take good care of your rental property.

The best way to keep great tenants is to listen and make adjustments based on your tenant's needs. Be attentive, check-in, and be more than just the landlord who takes their money. When you care deeply about your customers, you can build loyalty and trust. This goes a long way in the rental business.

Additionally, if any issues come up through the term of their lease, take care of the problem promptly. No one wants to wait weeks for their HVAC unit to be repaired, especially if it is during the middle of the summer. 

Furthermore, professionalism goes a long way. By showing off your willingness to be a good, professional landlord, you can quickly build trust with your tenants by just being well-known as a stand-up property owner. 

Hire a Property Management Company in Buncombe County

While an owner needs to be involved in their real estate investments, working with a property management company can help with the day-to-day issues that will come up. Property management companies should be able to quickly address any tenant issues while ensuring that the tenant's needs are met. 

If you are looking for a top-notch property management company to keep your rental property business running smoothly while keeping your units filled with great tenants, look no further than Modern Mountain Real Estate

Modern Mountain Real Estate has been serving Buncombe County, as well as several of the surrounding mountain counties in North Carolina, for years. With some of the best property managers in the business and a staff of excellent real estate agents, Modern Mountain Real Estate can take your rental property business to the next level. 

Contact Modern Mountain Real Estate today!