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Updated almost 6 years ago,

User Stats

17
Posts
11
Votes
Mike Rutallie
  • Marysville, MI
11
Votes |
17
Posts

Incentivising tenants, good or bad idea?

Mike Rutallie
  • Marysville, MI
Posted

What are your thoughts on incentivising your tenants? My first thought is around making them want to take care of the home. For instance, if I made an agreement with the tenant that each year I would allocate a certain dollar amount to repairs and maintenance (which would be far power than I would expect to actually invite). If they took care of things and I didn't have to spend that much, they would get the difference at the end of the year.

What would the pros and cons of that be? I feel like it would give them a reason to take care of the home. What an I not thinking of?

Are there any other creative ways that you use to incentivise your tenants?

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