If so, you’re not alone, especially in markets with higher vacancy rates like Alberta is currently experiencing. Of course this isn’t an issue across most of BC as vacancy rates are at extreme historical lows right now, but remember that all markets are cyclical, and nothing lasts forever.
For markets with higher vacancy rates, tenants have all the choice in the world, and will not hesitate to break a lease and move to save a few bucks.
Tenant turnover is extremely expensive to a landlord. You have to deal with;
Here are a few tips for property managers and landlords to keep tenants long term and reduce tenant turnover, even in high vacancy rate markets.
I hope these tips help a bit and save you some money be decreasing tenant turnover. Please feel free to contact our property management company if you need any help with your property management needs!
Chris Stepchuk
Nov 11, 2017
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