{"id":11870,"date":"2019-11-06T10:09:10","date_gmt":"2019-11-06T18:09:10","guid":{"rendered":"https:\/\/www.rentecdirect.com\/blog\/?p=11870"},"modified":"2019-11-06T10:09:10","modified_gmt":"2019-11-06T18:09:10","slug":"stress-free-resident-retention","status":"publish","type":"post","link":"https:\/\/www.rentecdirect.com\/blog\/stress-free-resident-retention\/","title":{"rendered":"Resident Retention and Stress Free Property Management: A Gratitude and Mindfulness Approach"},"content":{"rendered":"

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Holiday\u2019s are approaching which means wrapping up end-of-year inspections and financial reports. It\u2019s also the perfect time to work on resident retention with these gratitude tips while creating a stress free property management environment with mindfulness techniques.<\/span><\/p>\n

Why Practice Gratitude<\/strong><\/h2>\n

There is <\/span>scientific evidence<\/span><\/a> that beyond having a positive disposition, the practice of <\/span>showing gratitude has a positive effect on one\u2019s well being<\/span><\/a> both physically and emotionally. From building self-esteem to stress reduction to overall satisfaction with life, expressing gratitude is good for your mental and physical health.\u00a0<\/span><\/p>\n

The receiver of your gratitude also gets a boost both mentally and physically. Everyone wants to be recognized, to feel important, have someone care.\u00a0<\/span><\/p>\n

Lifting others elevates everyone<\/b><\/h3>\n

As a landlord, showing a spirit of gratitude can also increase your bottom line in terms of improving your tenant turnover rate.\u00a0<\/span><\/p>\n

Resident Retention<\/strong><\/h2>\n

Take a moment and ponder the impact your residents make on your business and in your life. Set aside any difficult interactions and the day-to-day busy landlord stressors and concentrate a few moments on the people behind the rent payments. Residents bring purpose to your day, they provide the capital to continue in your chosen occupation, they produce your income.\u00a0<\/span><\/p>\n

Appreciation for what they bring to your life can be shown in an outpouring of gratitude which may cycle back as increased resident retention.\u00a0<\/span><\/p>\n

Show Gratitude by Recognition<\/strong><\/h2>\n

Thank You Cards<\/strong><\/p>\n

To help with resident retention, put it in writing. Recognition can be as simple as a hand-written thank you card. Remember to be genuine and specific. For example,\u00a0<\/span><\/p>\n

Dear Jones Family,\u00a0<\/span><\/em><\/p>\n

What wonderful tenants you\u2019ve been these last three years. We are so grateful your family has continued renting from us. Your tidiness and timely rent payments have not gone unnoticed. We hope you continue to love your rental so please feel free to contact us at your convenience if you have any concerns or thoughts on improvements. Wishing you and your family a fantastic Thanksgiving. Warm Regards!<\/span><\/em><\/p>\n

-Or-<\/span><\/p>\n

Dear Sam,\u00a0<\/span><\/em><\/p>\n

I can\u2019t believe how quickly these last 12 months have flown by and I wanted to send you a quick note to thank you for being a great tenant. It hasn\u2019t gone unnoticed that your yearly inspection showed how well you\u2019ve maintained the home. We are grateful to know the home is in good hands. Your thoughts are important to us so please reach out if you have any suggestions for improvements. Thanks again!\u00a0<\/span><\/em><\/p>\n

There are many reasons to show your gratitude towards your residents such as:\u00a0<\/strong><\/p>\n