It’s important to do something for your tenants at least once during their tenancy, and the holidays are the perfect opportunity to do so. Showing your appreciation to your favourite tenants encourages them to continue renting with you, and gifts for the more mediocre tenants influence them to be better.
Demonstrating even a little gratitude to your tenants can go a long way. They will often respond by renewing their leases, paying rent on time, keeping their home clean, and even sending gifts in return. With that being said, deciding on exactly what to give tenants can become overwhelming and expensive.
Whether you want to thank your tenants for taking care of your property, or are simply trying to show your holiday spirit, gifts are a nice way to build goodwill and encourage longer tenancies. As a landlord, you want to strike just the right tone between business and personal, yet still keep things affordable. The best bet is to keep the gifts non-personal and strictly professional.
10 Simple Gift Ideas for Tenants
- Sports water bottle
- Stationary set
- First aid kit
- Container of gourmet food, like chocolates, popcorn or candies
- Mugs with a bag of coffee, hot chocolate or hot cider
- Car brush and ice scraper
- Loaf of fresh bakery bread and bottle of local honey
- Decorative glass jar full of candy
- Muffin mix with muffin tin
10 Moderate Gift Ideas for Tenants
- Potted plant
- Movie tickets
- Sporting event tickets
- Gourmet food basket
- 72-hour emergency kit
- Holiday flower arrangement
- Reusable canvas bag filled with treats
- Bottle of wine or champagne
- Fleece throws or blankets
- Welcome mat
As a final note, gift cards enclosed in a greeting card are always appreciated, and you can tailor the amount on the gift card for each tenant to best fit your budget. Popular choices include gift cards to grocery stores, restaurants, gas stations and movie theaters.
The holidays can be an expensive season for property owners. Read our free e-book to learn new ways to save money while still providing good value to your residents.