When a tenant moves out, every day your rental sits empty means lost income. To avoid any prolonged periods of vacancy, It’s important to move quickly – but without cutting corners. Here’s how to do it right:
Price to market: One or two months of vacancy can cost more than a small rent adjustment. Set a competitive rate based on current data to attract qualified tenants faster.
Stand out online: Use professional photos and highlight features that matter most to renters. A well-crafted listing builds early interest and helps you line up applicants before the unit is even vacant.
Show promptly: Be flexible with showing times. If a prospective tenant can’t view the property when it works for them, they’ll move on—and fast.
Streamline screening: Tenant screening can be time-consuming. Have a process in place to review applications, check references, and run credit reports so you can approve top applicants quickly and confidently.
Prepare for quick turnover: Schedule cleaners and any needed repairs in advance so the unit is rent-ready as soon as the current tenant moves out.
Want help reducing vacancy time? Contact us at info@brixpm.ca.