Another way you can minimize your turnover rate is to make upgrades to your property. Give your tenants a comfortable space to live in and amenities that put you on the map. Perhaps you need to update your landscaping or do some repainting. You should also make sure you are charging a competitive rate. Additionally, talk about the possibility of a lease renewal about 3 to 4 months in advance. You can even offer a discount, if possible, should they agree to renew.