Vacancies are an expensive part of owning investment property, and today we’re discussing how to reduce your vacancy rate with your rental home.
Property Management Carson City: Focus on Tenant RetentionFirst, treat your tenants well, and with respect. A lot of tenants are treated like
Property Management Carson City: PricingPrice the property right. When your rent is competitive, the tenant you currently have will be less likely to shop around. If they see the same type of property for a lower price, they will leave as soon as the lease is up. Then, you’ll have repair costs and a vacancy. Price it correctly when you list the home, and be mindful of the market when you’re considering rental increases during your lease renewal periods.
Property Management Carson City: Tenant PlacementIf your tenants do give notice, work with them to show the property before they vacate. When you have a good working relationship with tenants from the start, you can show
If you have any questions about your vacancy rate or anything pertaining to Carson City property management, please contact us at Northern Nevada Property Management. We’d be happy to talk with you.