Every landlord wants a long-term tenant to occupy their rental property. It reduces rental vacancies and eliminates the hassle of advertising the home, getting it rent-ready, finding new tenants, and conducting screening processes over and over. As a Nashville landlord, the best way to get a long-term tenant is by focusing on retaining your current occupants and that means – ensuring lease renewals.
Based on our experience, tenants feel inclined to renew a lease when they have a good landlord-tenant relationship, the rent increase is not exorbitant, and the landlord is offering some additional perks for continuing. Having said that, there is more to lease renewals than meets the eye. So, here is a complete guide for Nashville landlords, discussing lease renewals, their benefits, and how offering them can improve your rental business.
