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Tenant Turnover in Coeur d’Alene and 3 Way How to Reduce It

When you are using your rental for consistent thing on your mind is a rental that is vacant and is costing you money instead of giving you money. Tenant turnover is an automatic cash flow killer. There is administrative and advertising costs and the maintenance work to get the unit rent-ready, not to mention the lack of rent checks during vacancies, all of this effect your profit margins. Real Property Management Coeur d’Alene is experienced in making the turn over process easy and painless for you and we have some tips to help you keep a full house so that you can avoid a vacant rental.

Always Screen Applicants

The tenant you choose to move into your rental home can greatly effect how long they will be in the rental, if they pay on time, and if the rental is right for them. In the end the business of property rental is the business of people and having a clear understanding who rent to is important because the correlation between bad communication and tenant turnover is great. Real Property Management Coeur d’Alene’s screening process is always thorough. We can help give a better picture of who the person is. We do background checks, rental histories, call three references, and credit checks which give important information into the character of an individual.

Listen to your Tenants

As mentioned property rental business is the people business and this includes your end in listening to the bumps in the lives of your tenant and the property. Appliances break, weather related damage, or flooding can occur. If a tenant has a need or concern, respond as quickly as possible. Fast proactive maintenance can help prevent future problems and sends a message to your tenant that their rental property management in Coeur d’Alene cares about both property and tenant. If problems are ignored, then tenants are more likely to move out and be in a place where they are supported. 

Keep a Good Relationship

Tenants feel security in knowing that if there is an emergency, they can contact management first and receive a response. Regularly scheduled inspections can be set up with tenants at the time of lease signing, so they know what to expect. This can help with maintenance follow up and tenant communication and help reduce tenant turnover. 

Your goal as the property manager is provide constant and available communication to create an environment that is safe and reduce the frequency of tenant turnover. When tenants have an enjoyable renting experience and feel at home, they will want to stay as long as they can. The bottom line is the longer your rental is filled, the more regular your rent checks also are thanks to your wise rental management in Coeur d’Alene

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