Have an Apartment Flat in Delhi? Ways to keep tenants happy and stay longer

Have an apartment flat in Delhi? Learn how to keep your tenants happy as every day when your apartment in Delhi is sitting idle, it costs you money in terms of repairs and taxes.

acquiring a new tenant will cost you time and money. It is a thumb rule that keeping a tenant longer turns you into a more profitable landlord.

How to keep tenants happy in your apartment flat in Delhi?

There are many plus points to keep your tenants for a longer duration, here are some easily doable ways to keep good tenants happy.

Welcome them with a practical housewarming gift –
A friendly housewarming gift doesn’t have to be very costly. A bottle of wine or tea set will be considerably praised after a laborious day of shifting.

Establish a solid relationship with a crystal clear rent agreement –
Your rental agreement should clear all the points very carefully, spelling out who’s responsible for minor and major repairs. If the Property in Delhi that you are renting out has appliances such as Air Conditioners, Refrigerator or invertor, spell out clearly who will maintain it.

Don’t behave over-friendly –
After the 1st month into a tenancy, place a courtesy call to your tenant to ask if everything is Ok. Ask your tenant if he/she has any questions to be answered. After that keep your distance and not harras tenant by regular inspections, as Being under the consistent pressure of landlord inspections is enough to give away good tenant.

Stay on top of maintenance –
Add an extra bit of layer to regular maintenance, address their maintenance related issues immediately. This can be a great deciding factor when your tenant is considering a renewal of rent agreement.

Add a human factor –
The human factor plays an important role in deciding the tenant and landlord relationship. Being polite and respectful goes a long way in keeping tenant stay happy and prosperous.

Be flexible when increasing rents –
Rental Real Estate Market in Delhi is not always on an upward trend. It is always desirable to increase the rent as per the clauses in the rental agreement, However, offering good tenants a monthly rental that is slightly under market rates can be a very effective strategy in retaining a good tenant.

Answer the message or phone promptly –
Make it a priority to answer your tenant’s phone calls or Whatsapp messages, or to return their calls/messages preferably on the same day.

Allow tenants to keep pets –
As per many international studies, People are happy if they’re allowed to have their pets. Most of the homeowner in Delhi do not allow tenants to keep pets. If your apartment flat in Delhi is pet-friendly, allowing to keep pets goes a long way in keeping your tenant happy.

Note: The happier your tenants are, the better the better-performing asset your property will be and this will surely increase your ROI in the long term. Another great thought is to treat your tenant with such respect in the same way you want to be treated yourself.

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The author of this article is the founder of SouthDelhiFloors.com