Real Estate 4 Investing

Making Income Through Rental Property

  • Home
  • Investor Profile
    • Pre-Approval Form
  • Articles
    • Finance
    • Profitable Investment Properties
    • Real Estate Auctions
    • Real Estate Investing
    • Real Estate Investments
    • Real Estate Investors
    • Tampa Real Estate Investing
    • Taxes
    • Wholesale Real Estate
  • Videos
  • Properties
  • Testimonials
  • About
    • Investing in Rental Property
  • Contact
Home / Articles / Profitable Investment Properties / Happy Tenants Equal Higher Profits

Happy Tenants Equal Higher Profits

July 29, 2015 By Jorge Vazquez

Higher Profits for Real Estate Investors
Photo Credit: Mark Moz/Flickr.

Owning, managing, and maintaining rental property comes with a lot of responsibility. Not only do landlords have the responsibility of producing a profit, they must also provide suitable housing to tenants.

Landlords who work hard to keep their tenants happy, often find that their overall costs are lower resulting in higher profits. Keeping tenants happy can result in decreased turnover and maintenance costs, while also preserving property value.

Reduced Turnover Equals Higher Profits

One way for landlords to increase profits is to decrease turnover and maximize the number of months a property is rented out. Happy tenants are encouraged to stay in a rental property longer, which lowers the landlord’s costs and increases profits.

Remember that the costs associated with tenant turnover can be high. There are marketing costs, repair costs, and cleaning costs when finding a new tenant for a property. Then, there are costs associated with showing the property and completing the lease process.

The biggest concern is owning a property that’s vacant for months, which could be the case if tenants are treated so badly that they post negative reviews about the property and landlord. Therefore, the small costs associated with keeping tenants happy pales compared to the cost of holding a vacant property for months.

Keep Your Tenants Happy

As a real estate investor, tenants can make you or break you. Angry, unhappy tenants can cost you thousands of dollars and ruin your reputation. But happy tenants, who love living in the rental home, can save you thousands while also helping you build a great reputation.

What do you have to do?

Live by the golden rule and invest a few dollars to keep tenants happy. In the end, you’ll save money, increase your bottom line, and have a more enjoyable career as a landlord.

headshot of Jorge VazquezLearn More About Real Estate Investing

The Graystone Newsletter will keep you informed with important information relating to real estate investing. The newsletter includes information we share with our clients about the best places to invest in real estate, the latest trends, and the information you need to know to succeed investing in real estate.

Real estate investors, wholesalers, flippers, real estate agents, and everyone connected to the real estate industry will benefit from the wealth of information we share very month.

For more information about how we process your data, please click here to read our Privacy Policy.

Disclaimer:
REALESTATE4INVESTING.COM IS A WEBSITE OF GRAYSTONE INVESTMENT GROUP, A SUBSIDIARY OF GRAYSTONE INVESTMENT GROUP. YOU ARE HEREBY NOTIFIED THAT NEITHER GRAYSTONE INVESTMENT GROUP LLC, NOR ANY OF ITS EMPLOYEES OR SUBSIDIARIES, REPRESENT YOU IN ANY CAPACITY. YOU SHOULD NOT ASSUME THAT GRAYSTONE INVESTMENT GROUP LLC OR ANY OF ITS EMPLOYEES OR SUBSIDIARIES IS A REAL ESTATE BROKERAGE. WE ARE A WHOLESALER, AND ALWAYS ACT AS A SELLER OR ASSIGNOR ON EVERY TRANSACTION.

Want To Learn More About Real Estate Investing?

Sign up for our newsletter, and you'll receive our newest articles!

By clicking this button, you consent to receive emails, calls, and text messages about our products and services at the email address and phone number you provided. You agree that such calls may be made using an automatic telephone dialing system, they may be considered telemarketing or advertising under applicable law, and that you are not required to provide your consent to these calls to make a purchase from us. For more information about how we process your data, please click here to read our Privacy Policy.

Recent Articles

  • What Does a Realtor Do for the Home Seller?
  • What is a Mortgage?
  • Pros and Cons of Paying Off a Mortgage Early
  • How Do Interest Rates Affect the Housing Market?
  • How Long Does It Take to Buy a House?

Get Started Right Now!

Get started investing in real estate with Graystone Investment Group.

For more information about how we process your data, please click here to read our Privacy Policy.

Graystone Investment Group
3001 N Rocky Point Dr
Suite 200

Tampa, FL 33607 USA
(813) 449-4323
phone Graystone Investment Group Call (813) 449-4323
Subsidiary Brands:
Graystone Acquisitions
Graystone Real Estate
Homes4Income.com
Rental4Income.com
RealEstate4Investing.com
Accessibility
Terms of Service
Privacy Policy

Categories

  • Articles
  • Finance
  • Market Reports
  • Profitable Investment Properties
  • Real Estate Auctions
  • Real Estate Investing
  • Real Estate Investments
  • Real Estate Investors
  • Recent Properties
  • Tampa Real Estate Investing
  • Taxes
  • Testimonials
  • Uncategorized
  • Videos
  • Wholesale Real Estate

Recent Posts

  • What Does a Realtor Do for the Home Seller?
  • What is a Mortgage?
  • Pros and Cons of Paying Off a Mortgage Early
  • How Do Interest Rates Affect the Housing Market?
  • How Long Does It Take to Buy a House?
Investor Profile | Private Lender Profile | Client Evaluation | Rewards Program
Recent Properties | Pre-Approval Form | Legal Notice | Terms of Service | Privacy Policy
© 2023 GRAYSTONE INVESTMENT GROUP, ALL RIGHTS RESERVED. THE Real Estate 4 Investing LOGO AND BRAND IS THE PROPERTY OF GRAYSTONE INVESTMENT GROUP LLC
DISCLAIMER: REALESTATE4INVESTING.COM IS A WEBSITE OF GRAYSTONE INVESTMENT GROUP LLC. YOU ARE HEREBY NOTIFIED THAT NEITHER GRAYSTONE INVESTMENT GROUP LLC, NOR ANY OF ITS EMPLOYEES OR SUBSIDIARIES, REPRESENT YOU IN ANY CAPACITY. YOU SHOULD NOT ASSUME THAT GRAYSTONE INVESTMENT GROUP LLC OR ANY OF ITS EMPLOYEES OR SUBSIDIARIES IS A REAL ESTATE BROKERAGE. WE ARE A WHOLESALER, AND ALWAYS ACT AS A SELLER OR ASSIGNOR ON EVERY TRANSACTION.
Internet Marketing by Image Building Media.