Rental property vacancies stand for lost income. Minimizing vacancies is something every landlord needs to take seriously. Otherwise, there’s no protective financial barrier between you and the rental unit expenses.
There are many running expenses that go with your rental property ownership. Repairing and maintenance seem to the obvious expenses, but even marketing and advertising take a bite out of your bank account.
Quickly accepting any potential tenants may seem like a good idea to some landlords. Welcoming unscreened tenants can create more expenses down the line. There needs to be a smarter way of filling these rental units.
In the following paragraphs, you’ll learn about ways to fill vacancies. There are many strategies to lower the tenant turnover rate while filling the empty properties. Let’s take a closer look. (more…)