To attract and retain good tenants, your property must have a good track record of management. Since placing a qualified tenant takes time and money, it makes sense to do everything you can to limit tenant turnover.

Tenant satisfaction should be a top priority. The experience and efficiency of a professional property manager can give your property an edge in a competitive market.

It is good to ask a potential management company: "What is your average tenant turnover?" Their answer will help you determine if their experience in this area can be benefited.

The reality is that the high tenant retention rate is not accidental, but the result of consistent quality service and pre-established tenant loyalty programs. Tenant loyalty programs can start on a small scale and can include economic things such as seasonal greeting cards and small facilities that let tenants know about management's concerns. Tenant satisfaction means longer leases and happier tenants, with fewer disputes and complaints. Read the list of questions from property managers about their tenant loyalty program.

A word of advise: trusting a proper tenant screening with a good property management firm will alleviate a considerable multi-faceted weight and risk.