Using extra time, money and resources to complete the dreaded move-out process can be detrimental to an apartment manager’s finances if not handled correctly. Vacancy loss days, maintenance fees and marketing efforts for new residents are just a few expenses that add up during apartment turnaround.
In a time when rentals are on the rise, new technologies, strategic thinking and regular maintenance or renovations can make the turnover process more efficient and cost effective. Every time a lease ends, it shouldn’t have to mean 40-plus days of money and time wasted.
Read more...How to Keep Vacancy Costs to a Minimum During Downtime | Multi-Housing News Online