Appreciate Your Tenants

Do you appreciate your tenants? You should.

I know I have written about tenants in the past, much of it negative or scary. I know a lot of others have written posts about tenants in the past, much of that negative or scary as well.

We landlords all have our tenant stories that we can commiserate with over a stiff drink.

But there is another side of the story. Sure there are some bad eggs out there, but in my experience most are pretty good. So let’s take a minute and think about all of the things our tenants actually do for us. Our tenants are:

  • Paying off our mortgages
  • Paying our property taxes
  • Paying our insurance
  • Paying to keep our properties maintained
  • Paying to put food on our table and gas in our cars.

When you think about it, would you not agree that this situation is quite the deal? I think you would. If not, look again at the first word in each of those five bullet points.

So, knowing the deal you are getting, have you ever taken the time to let your tenants know that you appreciate them? It does not take much and now is the perfect time of year to do it.

A simple holiday card stating that you are glad the tenant chose to rent from you and thanking them for their business should do the trick. If you are concerned about any religious connotations, then why not send out “Happy New Year!” cards.

Think about what that simple extra act of acknowledgement could do. It could really build some goodwill between you and your tenants and reduce that potentially adversarial relationship. What if: