If you find that tenants are frequently leaving and you need to market your rental properties to new tenants all the time, this can significantly reduce the value of your investment. Not only do you have to deal with empty units that don’t have rental income coming in, but you also have to spend time and money finding new tenants.
If this is happening to you, you need to discover what the issue is that is causing the turnover. Are tenants not being treated well with fast responses to problems? Are there lots of problem neighbors violating lease terms? Is the rent too high? These are a few of the questions to consider. A professional property management company can help you to evaluate the reasons for your high turnover rates and can help you to take concrete steps to improve conditions and resolve problems so tenants stay happier and turnover rates decline.
To learn more and to get started today, contact a professional property management company with experience.
