Have you been charging your tenants the same amount of rent for longer than you can remember? It’s time to raise the cost of rent and increase your rental income! Even though doing a full renovation of your rental unit does tend to yield a larger profit in the long run, but a large renovation …
As the generation that makes up a majority of the rental market, millennials have different renting habits than the generations before them. Most millennials graduated college and entered the housing market during the Great Recession, carrying student loans and less disposable income. With less disposable income, the ability to place a down payment on a …
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Having a high tenant turnover can cost property owners thousands of dollars but by being more efficient, understanding where your expenses are coming from and understanding the trends that impact tenant turnover, you’ll be able to minimize tenant turnover and increase retention rate. The Costs Associated with Tenant Turnover When a tenant moves out of …
