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Tenant retention begins before move-in: 

  • Use a move-in checklist with the tenant.
  • Move-in gift and packet.
  • Communication.

 

Ongoing tenant retention during occupancy:

  • Inspections every six months.
  • Be attentive with service calls.

 

How to achieve a rent increase:

  • 45 days’ notice.
  • Use phone.
  • Substantive reason: increase in property tax or maintenance costs. 
  • Remind tenant of moving costs.
  • Offer an upgrade - carpet cleaning, ceiling fan, etc.
  • 2 - 5% annual increase typical.

 

We discuss why not every tenant is worth retaining. 

Dayton, OH has 1% rent-to-price ratios and an MSA population of 800,000. Also:

  • Proximous to Cincinnati and Columbus. 
  • Health care.
  • Military.
  • Manufacturing.
  • 3 Amazon fulfillment centers within 45 minutes.

 

Learn more about the Dayton turnkey provider here

  • In-house property management.
  • Use luxury vinyl plank, white kitchen cabinets, newer HVAC & water heaters.
  • 1-year and 3-year warranties.
  • 97% occupancy rate.
  • Leases up to 18 months.
  • 3/1 SFHs: Rents $750 - $1,300 | Purchase prices $75K - $120K. Detached garage. 800 - 2,000 sf. Usable basement is additional sf.
  • Property tax 1.8 - 2.1% annually as a percent of property value.
  • Rent promise: Provider starts paying rent to you if your property is vacant 30+ days.

__________________

 Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

__________________

Resources mentioned:

Dayton Turnkey Property:

GetRichEducation.com/Dayton

Mortgage Loans:

RidgeLendingGroup.com

Turnkey Real Estate:

NoradaRealEstate.com

QRP:

TotalControlFinancial.com

JWB New Construction Turnkey:

NewConstructionTurnkey.com

Our Tampa Real Estate Field Trip:

RealEstateFieldTrip.com

Best Financial Education:

GetRichEducation.com

Find Properties:

GREturnkey.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

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