San Diego, CA - The Property Management Boutique - A San Diego Property Management Company



There are few things as devastating to a landlord's ROI than vacant leasing properties; simply look at the costs that come directly from the landlord's pocket.

Most landlords understand that long term tenants are the most reliable, as they have demonstrated that they can and will pay their rent, and they take far better care of the property because they're a lot more vested in it. But short of purchasing a rental property with a long term leasing agreement and tenant already in place, how do you find and keep long term tenants?

First, consider that certain demographics are more likely to settle in someplace for the prolonged haul. In particular, young families who know how many children they want, and empty-nesters who are downsizing, are each groups that aren't excited by moving around each and every twelve months, and want somewhere stable where they can settle in for minimum 5 years.

Most families will stay in only two houses between when they move into their "family-size" home and when their young children move out, that can make young households a great bet for long term tenants. Couple whose grown children have moved out usually search out a more compact and much more manageable home, and one they can happily occupy for many years to come (signing a new leasing agreement each twelve months is a youthful couple's game, not an more aged couple's concept of fun).

That brings us to individuals who are not likely to sign a long term rental agreement or remain around for much longer than their first 12 months. Young couples, groups of unrelated roommates, and single folks are most likely solely looking for short-term housing, and commonly simply want a fun place to live for a calendar year or two.

The bottom line is to attract and hold long term tenants, which is really worth a certain amount of preliminary investment in time and money.



Articles By: The Property Management Boutique - Property Management San Diego