As a property owner, your investment is a business, and understanding your returns is essential. One key metric to track is your vacancy rate—but how do you calculate it, and what is a good vacancy rate? More importantly, what factors influence it, and how can you avoid common mistakes that many landlords make? In this […]
Tag Archives: vacancy
24
Jan
Jan
Fall and winter are full of fun festivities, but for landlords, the changing weather signals the start of the offseason. While the slower months are advantageous if owners want to focus on sprucing up their rental, marketing can prove challenging. In a time where leads are not pouring in as they did over the Summer, […]
08
Apr
Apr
Few words can conjure anxiety in landlords faster than “vacancy.” Especially as many landlords struggle to recover from the pandemic, every rental dollar counts, and vacancy is a costly endeavor. So, properly preparing for tenants to inevitably vacate and maximizing the tools at your disposal are the keys to success. Continue reading below as we […]
20
Apr
Apr
Rental concession and incentives in Harford County can be a great way to entice new tenants and lower vacancy rates. Incentives are particularly worthwhile if a vacant unit has been sitting too long and you’re looking to rent quickly. Incentives can include; free rent, lowered rent cost, reduced fees, and additional amenities. Each concession option […]