Good renters enhance your venture in many ways. They take care of the property, protecting your investment. They tend to stay on, reducing vacancy time and eliminating marketing expense. In fact, experts claim it costs seven times more to find a new tenant than to keep an old one. They recommend showing your appreciation to good renters by reducing the rent by $50 or $100 during the holidays or when they renew their lease or by sending a small gift. Where do you find them to begin with? You can consider a rental agent who, for a fee, will find and prescreen tenants.
