It all comes down to keeping our maintenance and
vacancy costs low.
Not exact matches
Lower vacancy rates mean lower costs and fewer headaches for landlords and real estate ag
Lower vacancy rates mean
lower costs and fewer headaches for landlords and real estate ag
lower costs and fewer headaches for landlords and real estate agents.
Whether it's your weekly grocery bill, that next auto purchase or filling a job
vacancy, keeping
costs low is always a desirable outcome.
They also offer an attractive
low cost vacancy posting service priced at only # 199.
While are margins are slimmer we are able to self manage saving the management fees, have fewer
vacancy costs AND our expenses are
lower.
The result is
lower move - out
costs and longer average tenancy (38 months) which keeps our
vacancy and maintenance rates down.
The key here is how much more the
lower end properties will
cost you in repair,
vacancy, turnover, and rent - ready expenses.
However, based on the (albeit few) properties I have analyzed, once we purchase a property and rent the other unit, it is likely to
lower our monthly housing
cost by around $ 200 - $ 300 / month (that's a conservative estimate) compared to our current rental situation - and that's factoring
vacancy, saving for future repairs / maintenance, etc..
Tenant loyalty helps foster a long term relationship which will maximize your income stream by
lowering vacancies and make ready
costs.
In the summer, the national
vacancy rate stood at just 4.4 percent amid a strengthening job market,
lower unemployment rate, higher
cost of homeownership, and a modest but noticeable growth in household income.
New apartment complexes have been built all over the nation to provide more housing, and due to this high demand for rental properties and
lower vacancy rates, rent
costs have increased.
The benefit of working with a strong management company means shorter
vacancies, longer term tenants and
lower turnover
costs.