A few years ago, I started giving Christmas gifts to my tenants. It seemed to make a lot of sense to me. After all my tenants were helping me to pay down my mortgage. I believe that spreading the goodwill of the holiday season helps extend good relations with my tenants throughout the year. My gifts aren’t extravagant. The gifts are usually less than $50. Depending on the tenant, I always find something at the LCBO or the Indigo Books gift section. I find that I can get everything I need for my tenant gifts at Indigo without having to spend too much time finding the perfect gift. Then the next time an issue comes up, they maybe a little nicer about it. And when it comes time to renew their lease, they may just decide to stay.
If you haven’t considered giving a Christmas gift to your tenants before, I highly recommend it this season. Spreading a little Christmas cheer can’t hurt.