Longest tenant you’ve had?
Just curious how long some of your tenants have stayed. And any advice to entice them to stay and be lifers with you. I’m all about low turnover!
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Hi, I have
a 13 year tenant, that is actually living in one of my units for the second time, she moved for 2 years then moved back.
a 15 year tenant
a 16 year tenant
a 17 year tenant
a 23 year tenant
and I had a 25 year tenant until she had to move
I'm all about keeping tenants for a long time , less turnover = less headaches = more $$$
So when it was time to raise the rent , annually, I figured my increase in costs and what the market would bear , and kind of split the difference, now when I did have a vacancy I went in and did as much as I could afford to do as far a remodeling and rented it at market rent.
That's what I did , for 42 years and counting (: