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Seven Tips to Handle Tenant Turnover and Vacancies

Updated: Sep 6, 2023

Tenant turnover and vacancies can be a challenge for landlords and property managers, but with the right strategies in place, you can minimize the impact on your bottom line. Here are some tips for handling tenant turnover and vacancies:

Prepare for turnover

Anticipate tenant turnover by setting aside funds for repairs and updates, and by creating a plan for marketing the unit once it becomes available.

Move quickly

Once a tenant gives notice, move quickly to prepare the unit for the next tenant. Schedule any necessary repairs or updates and start marketing the unit as soon as possible.

Market aggressively

Use a variety of marketing channels, including online listings, signage, and social media, to reach as many potential tenants as possible.

Offer incentives

Consider offering incentives, such as a move-in special or reduced rent for the first month, to attract tenants and fill vacancies quickly.

Screen tenants carefully

Use a thorough screening process to ensure that you are placing reliable tenants who will pay rent on time and take good care of the property.

Retain good tenants

Take steps to retain good tenants, such as responding promptly to repair requests, being respectful and professional, and offering lease renewal incentives.

Consider professional property management

Consider hiring a professional property management company to handle tenant turnover and vacancies. They can take care of repairs and updates, market the unit, screen tenants, and handle all aspects of the leasing process.

You can minimize the impact of tenant turnover and vacancies on your rental property. Remember to move quickly, market aggressively, screen tenants carefully, and consider working with a professional property management company for the best results.


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