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Episode 72: The High Cost of Vacancy: Keep Your Tenants, Maximize Your Income
Manage episode 447612452 series 3485898
Вміст надано Become An Investor. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Become An Investor або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
In this week's episode of the *Live Life by Design* podcast, our hosts dive into strategies for reducing tenant turnover in rental properties, a critical factor for maintaining steady cash flow in your real estate investments. By focusing on both practical and relational approaches, they explore ways to enhance tenant satisfaction and minimize vacancy periods. Key tactics include proactive communication with tenants, offering holiday or seasonal incentives (like credits for hurricane supplies), and being a responsive landlord to foster a sense of loyalty and community.
Our hosts also discuss managing turnovers efficiently by conducting routine property inspections, keeping up with minor repairs, and planning renovations. They highlight the importance of having reliable contractors, clear checklists, and using incentives to keep contractors on schedule. For properties entering vacancy, they emphasize quick marketing through updated photos and prepared listings.
- Links -
To learn more about Become An Investor -- > www.BecomeAnInvestor.com
To learn more about Foreclosures -- > www.fliphouseslivelife.com/foreclosureebook/
Follow on Social Media -- > @BecomeAnInvestor
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