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For years, the typical tenant appreciation gift has been a mass-produced card with little thought put into it. It’s time to shake things up and offer your tenants something that is unique, memorable and effective at showing them how much you appreciate their business!
The “tenant appreciation event ideas” is a list of top 19 Tenant Appreciation Gift Ideas from the Pros. The list includes items such as a free lunch, cake, and balloons.
Landlords are well aware that good renters are difficult to come by. You should offer appreciation and thanks to excellent renters and keep them pleased to maintain your occupancy rate high and prevent premature vacancy. These professionals have offered their top tenant appreciation gift ideas to assist you in selecting the most suitable and cost-effective gift for your renters.
The following are the top 19 professional tenant appreciation gift ideas:
1. Send Thank-You Notes Together with Gift Cards
Easy Knock’s Head of Product, Perry Petrozelli
Sending surprise thank-you letters to your renters with gift cards attached is a good idea. You may send letters to incoming renters to welcome them to your property. You may write letters to thank long-term renters for remaining and taking care of your property. Include a gift card to a coffee shop, a grocery store, or other retailer that your renters may like.
2. Organize a Community Get-Together
Compass agent Christian Schaefers
As a method of showing gratitude to their renters, landlords may arrange quarterly community events. Creating a sense of community in a building, whether via a wine and beer happy hour on the roof in the summer or pumpkin carving in the autumn, is essential for a happy and comfortable living environment.
3. Pay special attention to housewarming gifts.
Source Capital Funding, Inc. CEO Sacha Ferrandi
With a welcome gift, you may show new renters how much you value them. A candle, a pair of monogrammed coasters, or even a small house plant are all excellent and meaningful housewarming presents to consider sending to your renters during their move-in, or even on special occasions.
4. Upgrade a property with smart devices to attract new tenants.
Domenick Tiziano, Owner & Blogger, Accidental Rental
When you renew your renters’ leases, you may demonstrate your thanks by offering a little update, such as adding smart devices like video doorbells or smart thermostats.
It only costs $150 to $250, but it alleviates the pain of a rent rise while also increasing the value and marketability of your property, making it a win-win situation.
5. On move-in day, provide a welcome package.
Avail’s CEO, Ryan Coon
With a welcome gift, landlords can demonstrate their gratitude for their renters from the moment they move in. Toilet paper, cleaning supplies, a scented candle, even a 6-pack of beer or a bottle of wine (if your renters are 21 years old) or a gift card to a nearby coffee shop may be included in the box. Some landlords go over and above the standard welcome gift, sending cleaning products in monthly care packages. Small things like these make renters feel valued and cared for. Additionally, landlords that make these gestures say that their apartments are left in better shape on average when their tenants move out.
6. Give Tenants a Rent Increase Break
CCM-Finance Managing Partner Ian Colville
Giving your old renters a reprieve from a rent increase is one method to express your thanks. If your renters have been nice, for example, you may not increase the rent for a few months after it is due. Also, if you want long-term renters, don’t increase rates too quickly. When you have a vacancy, you will pay costs such as rent advertising, cleaning and maintenance, as well as a loss of rental revenue.
7. Make a Custom Calendar for Your Tenants
Mashvisor’s Marketing Director, Daniela Andreevska
A custom-made calendar is a functional and aesthetically appealing gratitude present. It will remind your renters of the time and work you put into it since it is something they will use every day. In the local print shop, you may collect images of local sites and build your own calendar. Additionally, any local holidays and activities that your renters would like visiting and participating in should be included. Arrange a visit at a time suitable for your renters to give it to them in person at the conclusion of the previous year or the beginning of the new one.
8. Provide tenants with personalized artwork
Sandra M. Smith, R New York, Luxury Sales – Licensed Real Estate Agent
You may gift your renters personalized artwork, such as a framed portrait, that suits their tastes. Landscapes, people, sporting events, and even their family photo are all possibilities for prints. You may establish a positive relationship with your renters by going out of your way to provide them with something special. Because it isn’t usually their first priority to decorate their walls, you may be the one to present it to them — particularly if you know it would be appreciated.
9. Send a Sweet Treats Box
Texas Hard Money Co-Founder Ryan Burns
A delicious dessert is something that almost everyone enjoys. Delivering treats to a new renter, such as dipped strawberries or handmade cookies, can make them feel welcomed and valued. For an even more genuine present, include a handwritten message expressing your thanks for having them in the community.
Ask tenants for suggestions on how to improve the property.
SparkRental Co-Founder Brian Davis
You may phone your renters on a regular basis to seek their advice on what property improvements they need. But don’t make any promises—just say you’ll check into the pricing of each improvement they want and see if you can afford one. In the end, renters expect their landlord to provide them with a better living environment. Examine each of the tenant’s suggestions and choose the one that offers the best return on investment. You show your renters that you care by increasing the property’s market worth and market rent. It encourages your renters to renew their leases and remain for the long haul, and when they do, you’ll have a more competitive, higher-rent property to list.
11. Provide Basic Needs for Temporary Tenants
Avalara MyLodgeTax General Manager Robert Stephens
Make sure your short-term rental home has all of the essential amenities that visitors need to feel at ease. While the essentials, such as cable TV and free Wi-Fi, should be provided, think about expanding your service. High-quality linens, updated flat-screen TVs, sound systems, Netflix subscriptions, and gaming systems are all ways for your hotel to differentiate itself from the competition while offering outstanding service to your customers. This is a thoughtful present to show your renters how much you value them.
12. Prioritize Maintenance & Regular Upkeep of Your Property
Fortune Builders’ CEO, Than Merrill
One method to show your renters that you value them is to make sure that you prioritize property maintenance and upkeep. Before a new tenant comes in, a landlord should update amenities, fresh paint, clean carpets, modest landscaping, and well-kept common spaces, to name a few things.
13. Give them a Plant in a Pot
Fit Small Business staff writer Kiah Treece
Giving your renter a potted plant or a small fruit tree will bring greenery to the property and make it seem more environmentally friendly. This is an excellent present, particularly for renters with green thumbs. Depending on the design of your home, you may pick from a range of plants, both indoor and outdoor varieties.
14. Sign up for an AC filter delivery service.
AMI House Buyers’ Rae Dolan is a real estate investor.
A subscription to a program like Filter Easy or Simple Filter Plan, or even subscribing to Amazon Subscribe and Save to filter purchases and delivery to your rentals, is a terrific tenant present. It is recommended that renters replace their air conditioner filters every three to six months. While most renters have good intentions, they are sometimes disregarded. Subscribing to a service that sends filters at predetermined intervals eliminates the expensive and inconvenient task of measuring and purchasing filters from the renter. The arrival of the filter acts as a reminder to change it, which benefits you as a landlord since replacing filters on a regular basis helps to protect and prolong the life of the air conditioner, which is a costly item to repair.
15. Give Cleaning & Bath Products
Owner of Key Financial Media LLC, Ky Trang Ho
Tenants might welcome cleaning and bath supplies, which are common home necessities. You can’t go wrong with them since everyone, regardless of their particular preferences, needs to clean their house and bathe. It is also beneficial to the landlord if you assist your renters in keeping their house tidy.
16. Appreciation Letters Written by Hand
Breyer Home Buyers owner Shawn Breyer
Although handwritten letters are not considered a conventional gift, expressing your gratitude may go a far way with individuals. Landlords often place a high priority on finding excellent renters for their homes. However, they almost always fail to maintain them in the property for the long haul.
Handwriting letters of thanks to excellent renters is one way to maintain them, but don’t do it just once. If they pay rent on time, keep the property clean, or indicate maintenance concerns that need to be handled, send letters throughout the lease period. We expect renters to perform well in all of these scenarios when they occupy our buildings, but that doesn’t mean we shouldn’t express thanks for their looking after our investment.
Simply complimenting them for taking excellent care of your property can make them feel valued, establish positive behaviors, and maybe encourage them to remain longer.
17. Host a Summer Picnic.
AE Home Group Co-Founder Jeff Miller
We feel that showing gratitude goes a long way toward eliminating vacancies and fostering a trustworthy connection between property management and tenants. We have a tenant appreciation picnic every summer in the park close to our office. This allows us to communicate with our best renters in a more relaxed setting, and it allows them to put faces to the names of employees in our office, which creates a more personal relationship. Even if a renter is unable to attend, the invitation lets them feel like they are a part of the community. Many renters have told us that the main reason they never move is because they feel like family with us.
18. Greet new tenants with a property that has been professionally cleaned.
President of Bay Management Group, Patrick Freeze
Giving a free apartment clean is a fantastic thing you can do for your home upon handover. Tenants like this since the apartment smells fresh new when the cleaners have done, all of the sections of the flat seem to be brand new, and there is less clutter. It’s a low-cost, high-impact approach to show folks that we care without breaking the budget. A regular cleaning costs about $150, so it is not a significant portion of the budget, but it has a long-term impact on the renters.
19. Reward Tenants Using a Point System
Brant Dolan, President, Incentive & Engagement Solution Providers
Don’t only think about the conclusion of the year. Your customers are your renters. A well-planned loyalty program will turn your renters into “evangelists” who will sing your complex’s praises. We all know that word of mouth is the most effective and least costly method of promotion.
Consider a points scheme similar to what airlines and hotels provide, where renters may gain points for being a nice tenant or neighbor. This might include perks for signing the lease, paying on time, offering recommendations for how to enhance the complex, recommending new tenants, being involved in the community, reporting any danger, and more.
To save time and money, consider utilizing a third-party rewards provider. They may create programs tailored to your renters’ preferences, manage the points system, and provide a variety of incentives for your tenants to pick from.
Conclusion
If you locate excellent renters, make them feel valued and delighted by doing something kind for them. A little, affordable tenant appreciation present can not only encourage your renters to remain longer, but will also assist to boost the value of your property and your landlord reputation.
The “holiday gift idea for tenants” is a list of suggestions for gifts that tenants will appreciate. The article also mentions how to make sure the gifts are appropriate for your property.
Related Tags
- landlord appreciation gifts
- tenant appreciation letter
- welcome gift for tenants
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- tenant appreciation day
