If it’s hard for you to get your tenants to renew their unit leases, you may have a problem with tenant turnover. Ideally, you’d like good quality tenants to set up camp for a long time, but that usually doesn’t happen. A new job or circumstances can cause your tenants to leave, or it could be a problem with your building.
A go-to move out checklist is an essential tool for landlords. Moving tenants out of rental units requires thoroughness and keen observation, which a move out checklist assists with. It also serves as an official record of wear and tear in a suite.
Everyone knows there’s a big difference between talking the talk and walking the walk. Property management companies can excite you with plans and promises, but do they actually deliver on them? Is the one you hired worth the expense?
If your apartment building is underperforming, something is off within your operations of the property. Losing money on your investment could be a lack of management experience, poor quality tenants, or lackluster amenities. If your property is underperforming, you want to fix it as fast as possible because, in this state, you're losing potential income. When the multi-family building has normalized, you'll see an increase in profits.
Alberta’s recent recession is still on the minds of people throughout the province. As it’s likely to go down as the worst yet that the province has experienced, it’s no wonder people can’t stop talking about it; neither can investors.