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Here Comes Spring Turnover!

tenants movingCan you feel it? Spring is appearing and change is in the air.  Our landscape contractor has already begun to clean up and beautify each of our properties.  We’ve had a bunch of residents respond happily and thank us.

The last two years were “lean” so we skipped adding new black soil to the planter beds and raked them out instead.  We also planted fewer new flowers and perennials.  But this year we’ve budgeted for a little more beautification because we intend to compete like crazy for the great tenants that will be looking for a fresh new apartment.

Spring and summer are a residential landlord’s biggest turnover months, so get ahead of the curve with your marketing plans, and don’t forget to also do everything possible to keep the great tenants you already have!

Most of the turnover will be done by the end of July, so work smart to have every vacancy filled by then.  August vacancies will be much more difficult to rent because of the reduced demand, and by September it will be super difficult to attract the few tenants that will be moving in the fall and winter months. 

Now is the time to prepare to compete for the great tenants that will be in the market for a fresh new apartment in the next few months!

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