How to Adapt to Lower Rents and Rising Vacancies 2023 was another great year for landlords. Rent prices were stable and in many regions rose. Of late however, the trending news story in the property management and real estate space is falling rent prices. And since your operations costs remain high and your own mortgage…
Offering Concessions to Protect Asking Prices Are you finding it a little more difficult to sign good tenants at your asking price? It might be a trend. Instead of responding by dropping your rent prices and creating havoc with your business, it's wiser to have a collection of incentives or concessions to offer them during…
Better Tenant Retention and Lower Churn As the first half of 2023 closes, we may be entering a period of economic slowdown which could stall wages and reduce employment levels. Some of your tenants will likely get caught in this temporary downturn. Some will end their lease due to unemployment while others will wave goodbye…
Easy Lease Renewals Rental property industry surveys have shown that attracting and retaining high quality renters is one of the top challenges among landlords and property managers. Tenant churn is likely to increase due to the eroding economic outlook, rising interest rates, rising unemployment, high cost of rent and cost of living challenges. And there…
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