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2017 May

Our Latest Writings

Tenant Turnover Can Wreck Your Profits: Here’s the Simple Solution to This Costly Issue

May 3, 2017 | By | No Comments

Turnover is when one tenant of a rental property moves out and the next one moves in, sometimes with time in between. Whether you own one rental or a thousand, A-class or D-class properties, one thing that all rental real estate has in common is turnover. Most, if not all, rental owners will agree turnover can be the biggest operating expense. A bad turnover can literally wipe out years of profit in a real estate investment. If turnover is something every rental owner deals with and is such a huge factor of investment success, don’t you think it would be a good idea to figure out 1) how to minimize turnover and 2) how to make it as efficient as possible?

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