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Calculating the Value of a Green Tenant

Posted on 16. Mar, 2011 by Jennifer Marcus Newton in Green Trends

How do you calculate the value of an eco-conscious tenant? It goes well beyond a timely rent payment — a tenant can easily pay rent on time, while destroying your property from top to bottom.

To calculate some of the indirect value a green tenant brings to the relationship, consider the following:

• Treatment of Property: Eco-conscious folks tend to be more mindful of potentially wasted resources like water and electricity (regardless of who is paying the bills) and respectful of physical space.
• Improvements: Green-minded people are some of the most idea-rich thinkers out there. Harness a few of these ideas to improve the property today and later leverage those green improvements when marketing to similarly minded prospective tenants down the road.
• Responsibility: This goes beyond simply paying rent on time. Responsible folks will inform you immediately of maintenance issues, avoid risky behavior and generally be good stewards of your space — this translates to less maintenance overall.
• Community: Building relationships with other neighbors strengthens the entire community and shines a favorable light on you, your investment and the way you conduct business.
• Loyalty: A long-term relationship with a tenant eliminates transitional property maintenance, advertising costs and the burden of vetting prospective tenants. Once you have an eco-conscious tenant at your property, nurture the relationship by looking for opportunities to improve your green assets.

Green tenants are an investment, just like the property they call home. How do you calculate the value of an eco-conscious tenant?

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Tags: environmentally conscious, Green Living, Landlord, Real Estate, Residents