Holiday gifts? Annual Interest at Xmas! - Posted by Mr Donald

Posted by Mr Donald on November 22, 1998 at 12:59:55:

Here’s a chance to get in good with your tenants - the easy way, since you’ve probably got to do it anyway.

In many areas, the statutes provide for a check for annual interest on the deposit held to be given to the tenant at the beginning of the new year.

About a week from Xmas, prepare that check, dated January 1st, and attach a nice letter and/or Xmas/Hanukah/Kwanzaa or whatever their preferred method of worship or celebration is at that time of the year, and send it off to the tenant.

(You can get a box of 25, 50 or 100 holiday cards for very cheap usually AFTER Xmas, so it pays to stock up for the following year in advance.)

Voila! Instant goodwill - and your tenants will love you for this “unexpected” holiday gift.