Without a doubt vacancies or unqualified, unhappy, non-paying tenants will have a massive impact on your returns. Remember Propervest is investment focused so we are not interested in management fees, we want maximum performance.
Here is how we strive to fix the most common tenant issues:
First, if you have vacancies in your building it is most likely that you do not have the time to market and lease properly, or the marketing strategy you are using is not getting the maximum response needed. Another key factor could be something as simple as the pictures or leasing agent are not doing a great job at relaying the pertinent information to potential tenants. Propervest has a tried and true custom process to get empty units filled with quality tenants as quickly as we get them ready.
Second, the reason tenants that are in your units are not paying is because they are under-qualified or unhappy. Many investors are wearing multiple hats and either leasing or property management has gotten away from them. With Propervest we can handle as much or as little as you would like. When we are leasing we thoroughly screen your tenants to ensure they are quality. I know sometimes an empty building can be so frustrating that an owner may start to move in anyone to see some cash flow. This almost always ends badly and can take some effort to correct. We focus on quick marketing and leasing turn times because we know property investing is a perfect example of time = money.
In addition a tenant needs 24 hour emergency maintenance, contact person, and incentives to stay. We have you covered on all fronts. Propervest will minimize down and non-performing units that will kill your returns. Remember, even if you are an investor already we can clean up and turn around any property you can send our way.