How to Minimize Vacancy Rates in Your Rental Properties
Posted by Rozi Dover on
As a property owner, keeping your rental units occupied is key to making steady income. But sometimes, vacancies happen, and they can last longer than you want. The good news is, there are simple steps you can take right now to fill those vacancies faster and keep your rental business thriving.
Let’s go over some easy and effective strategies to reduce vacancy rates and keep your tenants longer.
1. Set a Competitive Rent Price
One of the biggest reasons properties stay empty is pricing. If your rent is too high compared to similar places nearby, you might have trouble finding tenants. But if it’s too low, you’re missing out on potential income.
Here’s what you can do:
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Check what similar properties are renting for in your area and set…
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