Most Baltimore City landlords know that quality tenants are hard to find and sometimes, harder to keep. A well-thought-out appreciation gift is a good way to build strong relations with your tenants. Even though keeping your tenants happy can take some effort, a happy tenant is one who is likely to take care of your property, pay rent on time, and stay in the rental home for a longer time. A simple holiday gift will go a long way in letting them know you appreciate them staying.
Give your renters a thoughtful and appropriate tenant gift. Simple housewarming gifts often make the best tenant gifts. Some gourmet cookies and a bottle of wine could go a long way in building rapport with your tenants. Most tenants would also appreciate a small houseplant, a thank-you card, or some monogrammed coasters.
If you don’t feel like giving your tenants a traditional housewarming gift, there are many other options for you. Many tenants would appreciate a free property upgrade as a gift. Installing USB ports or some smart devices will not only make your rental property more comfortable for your current tenants but it will also make it attractive to future tenants as well. Even a simple video doorbell or smart thermostat could mean a lot to your tenant and will also increase your property’s value. Think of it as an investment that will pay off in many ways.
Other tenant gift ideas are less tangible but are much appreciated. If you have multiple tenants in the same area, you could host an event for your tenants, like a free movie night or gathering. A helpful service like a water or furnace filter delivery would also be a well-received gift. If financially viable, you could even delay their rent increase for a few months. This rent break on upcoming increases will be something they would really appreciate. A polite card stating your intentions to give them the gift of lower rent for a few more months will be greatly appreciated.
If you can’t decide on what to give your tenants, you should at least send them a card for the holidays. This is not just good practice, but it could also be a gift to encourage goodwill. If you do send them a card, be mindful of your tenants’ religions and cultures. They may not celebrate Christmas like most people, so your safest option would be to wish them “Happy Holidays” instead. You will be showing your tenants respect while wishing them well at the same time.
Whatever you get your renters for the holidays, make sure it is thoughtful and appropriate. While it might not be easy to choose the right gift, your efforts will pay off in the end. If you happen to live far from your rental properties or are strapped for time, you can always hire a professional Baltimore City property manager to do it for you. At Real Property Management Prime, we actively cultivate good tenant relationships in many different ways. Would you like to learn more? Give us a call at 410-415-1736 today!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
