Last year, Federal Realty bought two contiguous shopping centers in northern Virginia; both suffered from deferred maintenance and
key tenant vacancies.
Not exact matches
The reform effort is focusing on two
key priorities: Enacting Kavanagh's bill to repealing the «
vacancy bonus» landlords receive in increased rents when
tenants leave, and reforming the so - called «preferential rent» (AKA «bait - and - switch») provisions that allow landlords to raise rents dramatically after
tenants are occupying an apartment.
Although State Street is struggling with retail
tenant vacancies and the presence of aggressive panhandlers, downtown Santa Barbara has one asset that people agree is
key to the area's success: The ample availability of parking.
Marketing a home and finding a new, good
tenant is costly and time consuming, the longer a good
tenant stays in the home the less expense you will have for advertising,
vacancies and the maintenance items (carpets, painting, etc.) Good, regular communication is
key, check in with them periodically, this will help to keep up with deferred maintenance issues and keep the
tenant happy and loyal and in turn they will take better care of your investment.
The goal then is to come up with ways to avoid
vacancies while still attracting high - caliber
tenants and performing a thorough
tenant screening before signing a lease and handing over
keys.
Placing qualified
tenants is
key to maximizing your income, while minimizing your
vacancy loss and liability.