7 Ways to Keep the Best Tenants You Already Have
By reinvestor on July 21, 2015
When a tenant moves out, it can cost thousands of dollars in lost revenue, repairs, renovations and marketing to get your property re-rented. A hallmark 1987 study by Walker Research identified the cost of finding a new customer versus keeping an existing customer was five times the effort and cost. Tenants are customers! A move out by a tenant often includes repairs, a refresh of the property to bring it to rentable, lost income and carrying costs over the rental marketing period.
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