At the very core of any excellent property management program are good tenant relations. This is especially true in a renter’s market. Whether talking about residential or commercial real estate, attracting new prospects as well as satisfying existing tenants requires open communication and good tenant relations. Fortunately there are a number of strategies that can be used to effectively promote a positive environment between both tenant and landlord.
Creating Value for Tenants
At the end of the day good tenant relations serve to add value to properties as a whole. This is obvious when considering the reduction in turnover rate associated with good tenant relations. A good strategy used for promoting long-term positive Atlanta tenant relations is that of creating value. Creating value for tenants and offering a quality product, as well as scheduling routine tenant improvements can create a positive attitude for all involved.
Professionally Managed Atlanta Commercial Property
When these types of incentives are offered to prospective tenants while current tenants are rewarded, a property becomes more valuable. In addition, routine maintenance is vital to keeping everyone happy in a professionally managed commercial property. Having a maintenance routine that is regular and predictable is absolutely necessary in maintaining a property's value. Work orders must be prioritized and a qualified team of maintenance professionals must be employed. Keeping a property in top condition helps to lower any future expenses.
Maintaining Property Value
Regular pest control maintenance and routine landscaping of common areas as well as janitorial services will ensure that property owners and tenants are happy and that property value is maintained. Finally, good customer service skills exhibited by property managers instills confidence in tenants while also maximizing the value of the property owner’s assets. A property can quickly be considered a high value property and will be sought after by investors when there is high quality customer service.
Good Tenant Relations
Keep in mind that it is always the property managers job to anticipate the needs of tenants and exceed those needs whenever possible. Tenants must know that when there is a problem there is someone to call and that the problem will be quickly resolved in an efficient way. Fostering good tenant relations is absolutely necessary in protecting a substantial asset and making sure that its resale value remains high. Working with a knowledgeable and experienced Atlanta property manager is one of the best ways to ensure that good tenant relations are ongoing. Contact Wiedmayer & Co. today to learn more about Atlanta property management for both commercial and residential properties throughout the region.