An extended period
of property vacancy is a serious risk for any landlord, and it could happen often and quickly if you aren't careful.
Get 4 great strategies to reduce
rental property vacancy, without skipping tenant screening, meeting the tenant in person and checking their references.
For the purposes of calculating NOI, the vacancy factor can be calculated based on current lease expirations as well as market driven figures using
comparable property vacancies.
The package of provisions was sought by the five - member Independent Democratic Conference in the state Senate, who had proposed the measures in recent months to combat
zombie property vacancies.
While the problems associated
with property vacancies and blight have gotten much attention during the housing crisis and recovery, about 20 percent of foreclosed properties are occupied by rental tenants whose protections are sometimes overlooked or ignored in the sales process.
A high rental
property vacancy rate could mean you'll have trouble attracting new tenants, so you may want to be more flexible in your negotiation to ensure that you'll keep your current tenants happy.