There are lots of strategies to getting good tenants into your units— tenant referrals, rigorous screening, checking their references, etc— but once you’ve got them, how do you keep them? Unit turnover can be expensive, and no one wants to have their units sitting empty for any length of time. A good tenant retention plan will make sure you keep your tenants happy and renewing their leases with you year after year.
Vacant units make a building less attractive to the tenants that live there, and they hurt your bottom line as a property owner too. Filling your vacancies requires a balance between preparation and fast action: you need the right battle plan for your target market of prospective tenants, to keep you working smarter instead of harder. We’ve put together a list of seven sure-fire strategies to fill your vacant units as quickly as possible.