With the holiday season right around the corner, you may have already started this year’s gift list. And as the owner of rental property, you may be wondering if it is appropriate – or even necessary – to give holiday gifts to your tenants.
In the spirit of the holidays, providing even just a small token or card to those in your life will not only make them feel special, but doing so can also keep you at the top of their minds. In the case of a landlord-tenant relationship, for instance, the tenant is essentially your customer. So, not only is giving small holiday gifts appropriate, it could actually make a difference at the end of the lease term when the tenant is deciding whether to stay or to go.
Some tenant gift ideas could include a gift certificate to a local shop or restaurant, or an arrangement of snacks like popcorn or chocolates. Depending on the property and your budget, you might even consider replacing an old appliance – such as a refrigerator or dish washer – with a new one. In this case, you can help both the tenant and yourself.
Owning investment property can be a time-consuming endeavor. This is particularly the case if you have multiple units. Managing tenants, collecting rent, and responding to maintenance requests – both day-to-day and emergency – can often take up a significant portion of your week.
But if you’d like to free up some space on your calendar, while still receiving ongoing rental income, you might want to consider hiring a property manager. An experienced property management team can provide you with the gift of time for yourself – which can actually be priceless!
So, if your rental units are located in Orlando or the surrounding Central Florida area, give us a call and find out how bringing us on board can help!