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Z71USA

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Posts: 8
Reply with quote  #1 
I decided to send the tenants a gift card this year for Christmas.  I would like to reward them for paying the rent on time and for being great tenants.  I'll probably continue this each year if things go well.   

What do you do for your Tenants? 
skrieger

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Posts: 143
Reply with quote  #2 
Yes we sometimes send gift cards for renewing their leases.  A very nice gesture.
OHlandlord

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Posts: 3,720
Reply with quote  #3 
I tell them Merry Christmas/Hanukkah/Kwanza or whatever holiday they celebrate.  My mortgage company/insurer/tax auditor doesn't send me gift cards for paying them what I owe in December.   I'll save gifts for my friends or family.
David_Baker

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Posts: 1
Reply with quote  #4 
I also send my tenants a gift card every Christmas. I believe I am quite lucky as I found really well-mannered and educated renters which pay the rent always on time, keep my property in shining condition and so on. In other words they are a role model for all the tenants and I am happy as they do not create any troubles at all. So, along with the card I also bought them a little present and they give me something small, too.
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OHlandlord

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Posts: 3,720
Reply with quote  #5 
Don't be surprised if all tenants expect this gift, and they come to expect and rely on it each year.
davisjone

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Posts: 28
Reply with quote  #6 
Depends on your budget if you can afford it...it indeed is a nice gesture coming from a landlord...
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TRDAcct

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Posts: 6
Reply with quote  #7 
I send cookies, or a little gift basket.  Like in all things, morale is important and communication between people is the best way to get things handled quickly before the blow up.  Remember that most LL are "do-ers" it's why we're in the positions we're in.  While most tenants are "wait and see if it gets worse." I recently had problems from a tenant because they didn't want to both me during the holiday season that they had a leaking appliance.  I told them they can call me anytime.  My goal is to not have any damage to my property.  If I can buy a watchdog for a couple of cookies once a year, done and done. 
NoNonsenseLandlord

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Posts: 178
Reply with quote  #8 
I do not send anything.  A card might be OK, but a gift will only encourage them to send a gift to you.

If you ever have to evict, it could be awkward.

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Number21

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Posts: 75
Reply with quote  #9 
Quote:
Originally Posted by NoNonsenseLandlord
I do not send anything.


Yes, we all know you treat your tenants like objects and not people. [rolleyes]

Sending a card, or even a small gift to a GOOD tenant is a great idea. It is always in your best interest for your tenant to like you, even if you don't like them very much. If a tenant goes above and beyond in paying rent and maintaining your property, yes, a small gesture of appreciation goes a very long way.

If a tenant likes you as a person, they will personally try to take care of your property. If they don't like you as a person, they will destroy your property in any way they can.
NoNonsenseLandlord

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Posts: 178
Reply with quote  #10 
NUMBER21 => Tenant Troll.

When you get good tenants, they do not destroy your property.



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Number21

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Posts: 75
Reply with quote  #11 
Quote:
Originally Posted by CompleteNonsenseLandlord
NUMBER21 => Tenant Troll.

When you get good tenants, they do not destroy your property.


Another worthless post by CompleteNonsenseLandlord. 

Anybody with half a brain knows you cannot simply always "get good tenants", and neither have you.
NoNonsenseLandlord

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Posts: 178
Reply with quote  #12 
It is rather easy to get good tenants if you understand credit score and income.  Not 100%, but 95%+.  It's all cookie cutter stuff.  have a formula, and stick to it.  Stay away from low income, and low credit scores under 625 - for all occupants 18+.

Of course you also have to understand basic marketing and economic theory.

Your imaginary 'rentals' seem to not follow these rules, but they make for good stories.  You really should write a book, it would be a best seller.  Title it "How a tenant became a landlord in his own mind".

After you read some other landlord books, you will see that is a common theme.  Unfortunately, some landlords fall for tenant advice posted on a landlord blog, such as what you give.

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Number21

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Posts: 75
Reply with quote  #13 
Quote:
Originally Posted by CompleteNonsenseLandlord
It is rather easy to get good tenants if you understand credit score and income.  Not 100%, but 95%+.  It's all cookie cutter stuff.  have a formula, and stick to it.  Stay away from low income, and low credit scores under 625 - for all occupants 18+.


So, since you're such an expert, and you think I'm such a bad tenant, tell me, how would you screen for me? My credit is well above 625, I'm well over 18 years old, and I make more income than you do. So I would be automatically qualified to rent anything you have. Not that I would ever want one of your nasty bedbug apartments.
NoNonsenseLandlord

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Posts: 178
Reply with quote  #14 
It's easy.  Your attitude would come out, if not the credit score, income or past landlord references...

I do it all the time.

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John008

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Posts: 1
Reply with quote  #15 
I Agree this is useful information.. Very Nice. Great Thanks.
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