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All Things Property Management

All Things Property Management is a one-stop destination for folks interested in learning more about managing real estate. Broken down into a variety of targeted columns, the information that you are looking for is easily accessible — from investing tips and best practices in The Intelligent Investor to the real-life dilemmas of property managers in Stories from the Front Lines. We’ve brought on contributing writers from across the country to share their respective expertise with you, whether you’re a landlord, a professional property manager, or an association board member. Your feedback, participation, and comments will help us deliver the information you need most.

Happy Holidays Equal Happy Tenants

It’s the holiday season, and no one wants to be the neighborhood Scrooge. Those tenants that want to go all out when it comes to decorating for the holidays can do so in their own units, but it’s also nice to incorporate subtle bits of holiday cheer to the common areas of your property. Think of it as one of those little touches that demonstrates your ongoing investment in and appreciation of your tenants. Holiday decorations are a great low-budget way to make your property more cozy and cheerful for tenants. After all, tenants who truly feel like their units are “home” will be far less likely to move.

Decorating doesn’t have to cost a lot of money, nor do you have to decorate with items that require a lot of upkeep (as we all know, Christmas trees, though fun to look at, can require a lot of regular attention when it comes to sweeping up and keeping them watered–not to mention the fact that a dry tree can be a fire hazard). Consider incorporating one or more of these simple items to jazz up your properties with some holiday cheer.

Light it Up
While hanging lights around the entire exterior of your property may be more effort than you want to exert, lights can provide a quick holiday fix when used in other ways–wind them around banisters or string them in pre-existing plants in common areas. A conservative amount of lights is extremely affordable at common chains like CVS and Target (a string of 100 incandescent white lights go for as little as $3.99 at CVS). If you want, you can pay a bit more up-front for LED lights, which are more energy-efficient than their incandescent counterparts, though according to MyMoneyBlog.com, LED lights will ultimately only save you less than a $1 a year on electricity costs.

Seasonal Smells
Don’t forget that infusing a sense of holiday festivity into your property doesn’t just have to be a visual thing—you can also incorporate evocative, cozy holiday smells like cinnamon, pumpkin, and pine into interior common areas. If you want a bit of a visual effect to accompany the smell, consider placing pine cones, potpourri, or a decorative scent warmer in a festive container in a common area. If you’re just going for smell, you can do something as simple as a holiday-scented fragrance-plug-in, available at most grocery stores for around $5. Remember, though, some people are extremely sensitive to smell, so be careful that whatever scent you select isn’t overly-powerful. Ultimately, you want to achieve a hint–as opposed to an onslaught–of fragrance.

Tasty Treats
The holidays bring out the sweet tooth in all of us. It sounds so simple, but just putting out a decorative bowl of holiday candy in a common area for tenants to enjoy can be enough to put a smile on their face at the end of a long day. Just remember to replenish the candy stash every few days throughout the holiday season.

Just a little bit of effort and nominal expense on your part during this merry season can be enough to keep your tenants smiling for months to come. What are some of your favorite ways to ring in the holidays at your property?

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This comment was minimized by the moderator on the site

Very nice article...however the author would be wise to learn how dated the words "tenant" and "unit" are. Surveys for years have made clear that preferred terms are resident and apartment home, and community versus complex or project. I hate to see us slide backwards on this. Say these words to yourself; 'A tenant in a unit in a complex' then try 'a resident in an apartment home in a community' and you will understand that the latter terms are more 'user friendly' A spoonful of sugar makes the medicine go down! ;-)

  Anne Sadovsky CSP

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