Should I Stay or Should I Go: Reasons For Low Tenant Satisfaction
With so many options available to them, it truly is a tenant’s world, making tenant satisfaction and the tenant experience more important than ever. When it comes to tenant satisfaction, you want to stand out- but not in a bad way. Avoid these DON’Ts.
Throughout the course of a property manager’s intensely busy day, keeping tenants satisfied is a constant challenge and remains a work in progress. Many factors contribute to a tenant’s overall feeling of satisfaction, but sometimes not all the items on the checklist are given equal attention.
Tenants often lose faith in their property’s management and move on after their lease is up due to common oversights or mistakes. Here are some of the most common reasons for tenant dissatisfaction that you will want to avoid at all cost.
Not being available, or available enough.
You already know that being there for your tenant is important, but to them, it is everything. Your being there for them when they need you (and even when they don’t) sends a message that you care about them and their well-being. They will feel when there is a lack of attentiveness. Be sure to answer the phone and respond quickly to texts and emails, even if just to say that you received their message. This is important more now than ever, as the digital age has accustomed us all to an immediate response right at our fingertips.
Not providing clear and regular communication.
Regular emails, texts, bulletin boards, tenant surveys, and even tenant meetings show that you are concerned with keeping your tenants in the know, and welcome feedback and interaction. If you aren’t providing these avenues of communication for your tenants, they may not feel empowered to reach out or provide feedback at all. Regular communication helps give your tenants control in interactions with you.
Not being transparent.
Expanding upon the previous tip, tenants want to know that building staff is willing to share both the good news and the bad news with them. Be sure to be straightforward about any issues that arise on the property (leaks, malfunctions, repairs), and keep them informed on all progress or even lack of progress. The tenants may not like the news, but they may appreciate your willingness to be completely honest with them.
Not providing quick turnaround.
Address all problems quickly. Even when a repair or other issues are a challenge, the fact that you are making your best effort to get them resolved goes a long way toward customer satisfaction. Staying in close contact with the tenant, as well as periodic updates and a determination to get it done will be remembered long after the issue is resolved.
No value added benefits.
These days, location may not be enough. Prospective tenants should remember your property while they’re visiting a number of others to consider. Get creative about how you may offer amenities and extras that could keep your property at the front of a prospective tenant’s mind. This doesn’t always have to be tangible- for instance, customer service that goes above and beyond expectations can be equally or more valuable to someone than, say, for instance, trash valet.
Not stating items clearly in the lease.
Of course, rent and utilities should be spelled out clearly, but leave no question in the tenant’s mind about who is responsible for what, including repairs, maintenance, and upkeep. Arguments over how the lease is worded may lead to the tenant not renewing. Be clear about what’s in the lease from the beginning of the relationship, and be sure to encourage questions. Have the tenant initial each page of the lease to show that they have read and understood what is expected.
Not being aware of tenants’ rights, or respecting them.
Let them know that you are well aware of tenants rights in your city or state, including all tenant entitlements and protections. Going over these points with your tenant shows them that they deserve their rights and you are ready to protect them. (Of course, be sure to regularly review these yourself as well to make sure you’re staying on top of them!)
Not providing adequate safety.
A survey recently conducted by Kingsley Associates showed that among the 670,000 multifamily renters surveyed, property security fell into the top six renewal decision factors. Property safety is not only about life-threatening situations. Your tenants want to feel safe and protected at all times, with well-lit areas, safe exits and entrances, and knowledge that they are not alone should a situation arise. They also want to know that they can get help in an instant. See our blog post: Property Safety: The Small Items That Make A Difference.
One way to provide peace of mind to your tenants (and yourself!) is to implement a first-class, user-friendly emergency communications system. Not only will a 24/7/365 monitored system make your tenants feel safer, it will help minimize your liability. Our Kings III Emergency Communications system calls for help at the mere touch of a button, and it’s far more reliable than a smartphone or app. A Kings III call box contacts help directly and in real time, every time. No dropped calls, no missed signals, and no voicemail. That’s because the call is coming from a fixed location and is connecting to live operators.
Our Kings III monitoring service will keep your tenants connected in any emergency, dispatching immediate aid and reassuring them that help is on the way. In fact, Kings III staff are trained in providing pre-arrival medical instructions in case of a health emergency or accident, reinforcing your tenants’ feeling of security up until the moment that help arrives.
Learn more about how you can increase tenant satisfaction, transparency, and the value of your property with a Kings III Emergency Communications system- contact us.
Access easy, applicable tips for property managers when it comes to elevator entrapment follow-up and advice to give tenants stuck in an elevator.
None of us want to deal with criminal activity, but in the case of property managers and building owners, who hold some liability for the safety of tenants and visitors, crime prevention is especially important. Here are six ways to help prevent crime on your property.
Kings III Emergency Communications, a privately-owned emergency help phone-monitoring company based in Coppell, was honored to be recognized by its employees and The Dallas Morning News by making the daily newspaper’s Top 100 Places to Work list, falling in at 26th in the midsize companies category.
Have you encountered service issues and missed potential savings with your current telecom provider? There's a better way.
Building certifications are an official way to set your property apart and authentically advertise its high quality and superior features. Getting certified can boost your building’s bottom line, further focus your marketing strategy and, ultimately, attract tenants. Here, we list some of the most popular and highly regarded building certifications in commercial real estate.
Here are some ways you can prevent and report burglaries that could happen on your property in order to keep tenants safe and to reduce your own liability.
Emergencies can suddenly turn your safe, familiar, comfortable property into a danger zone, and it is essential to have places to turn to help you and your tenants get through it. Here is a list of good emergency resources to get you started.
Your legal liability as a property manager and/or building owner may vary from state to state, but, generally speaking, there is a core of common liabilities that many in the industry face. Pay special attention to these common causes of property manager and building owner liabilities and act accordingly.
Property managers are always looking to reduce waste and effectively forecast but many times it's the overlooked expenses that become a big ticket item.
Kings III makes it easy as a single point-of-contact for all your emergency response needs. With expertise in line connectivity, compliance codes, equipment maintenance and safety protocol, we offer the total package.