Should Landlords Give Tenants Gifts?

A dilemma many landlords face this time each year – should you buy your tenants a gift, and if so how much should you spend?


Why It’s A Good Thing


Good relations are always good, and goodwill usually reflects goodwill – if your tenants have been good all year, always paid their rent on time, kept your investment property in good shape and plan to remain for another year, then giving them a small gift will be appreciated. Positive relations can significantly encourage them to take better care of your property and be more understanding when you can’t complete maintenance issues straight away.


Gift Ideas


Keep in mind that gifts are tax-deductible, but there’s no need to go overboard to impress your tenants. A $20-$30 gift basket, flowers, bottle of wine, or gift card is usually considered a great gift. Another idea is offering to improve their home with a fresh coat of paint or a new appliance – not only are you giving your tenants a great gift by improving their home but you’re also increasing the value of your investment property – win-win!


Bottom-Line


The choice is up to you, most tenants don’t expect gifts so they usually won’t feel like they’ve missed out if you decide against it. However going that extra mile with a Christmas gift will go a long way in encourage tenants to continue being great tenants looking after your investment property.


Interested to hear how we can help? Find out how our Wellington Property managers can help you. We manage property in the Wellington and Hutt Valley regions. Feel confident your property and tenants are looked after by our professional Property managers with our property management services .

Discover how our Care & Return System will benefit you. Receive a no-obligation, FREE rental appraisal today for your Wellington investment property!

Call Jordan Atkinson - 027 297 0873

Quinovic Kent Terrace | Wellington

Call Allan Hartley - 027 522 9084

Quinovic Johnsonville | Wellington

Call Helen Vance - 027 487 8103

Quinovic Hutt Valley | Wellington

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