In today’s market is very easy to loose a tenant. Miami and South Florida has a lot of properties for rent. There lots to choose from.
If you have a tenant that you like and they take care about your property. They always pays on time. They are willing to help you maintain the property in good shape.
Those tenants are hard to find this days. Keep them happy. Call them or have your property manager call them to find out if they are doing ok. Ask them if they need anything now. Specially in this hard times because of Covid 19.
We want you to think about your tenant retention strategy. In a survey, our landlords said finding new tenants costs them between $1500-3,500. By asking tenants to renew (99% of our landlords pursue renewals before seeking new tenants), they have the opportunity to save up to $3,500. Avoid Vacancy Costs.
This cost is so hard to estimate, but for every month that your property is empty, you need to do the math and add it to the lease. If your lease is $2000 per month and you had it. in the market for 2 months, then you income should be valued like this: $2000 X 12 divided by 14 (2 months empty) = $ $1,714.
Contact us: management@globalpropertymanagment.com or calling (786) 708-0790