Cost of Tenant Turnover for Vancouver Homeowners
To avoid constant tenant turnover, proper screening
for your Vancouver rental property is critical. Bad tenants equal high dollars, and you don’t want to be looking for new tenants every few months. You can eliminate a lot of tenant turnover in a few ways. You want to properly screen all potential tenants. Check their criminal history, their credit report, and their employment. Verify everything on the application. Once you elect to have a tenant come in, hopefully they will stay at least a year or two, which will cut down on your turnover costs.
Preparing a Vancouver Investment Property
One of the reasons that turnovers are so expensive is that you have to prepare the property for your next tenant. That will often require painting, cleaning, carpet cleaning, window treatment replacements, and landscaping. So, you have to keep in mind that when you have turnover, lots of items will be needed to make the house ready for attracting the next tenant.
Placing a good tenant will help you avoid expensive turnovers. So, verify everything. Get the longest lease possible and have the house in rent ready condition before they move in. Do inspections during the tenancy and fix the needed repairs right away. This will reduce your tenant turnover and ensure you earn more on your rental property.
If you need more information on Vancouver property management or you’d like help investing in Vancouver, please contact us at SunWorld Group Property Management.
The post Cost of Tenant Turnover for Vancouver Homeowners appeared first on Sun World Group.
