“No Vacancies” A Landlord’s Favorite Words
One thing you can count on in business (and in life) is change…so I thought I better show off real quick before something changes.
To start off this new year, we have 87 apartments with No Vacancies!!
I can’t even remember the last time that happened.
We do have one vacant house…but houses are a different business in our world so I can brag about the apartments separately. (That’s my story and I’m sticking to it.)
We had huge turnover last summer. We decided it was a perfect time to sell a few houses, so we asked a few long term month-to-month tenants to leave for that purpose. Then suddenly we had some other long term tenants give us notices. Gulp.
At one point last summer we had 8 vacant houses. Eight.
Plus normal spring and summer apartment turnover.
So I was one stressed out lady when the cash/bills graphs got crossed (bills up, cash down). Filling vacancies is always my absolute top priority, so I had little time to blog. I’ll try to get in a little pontificating now.
Josh and I would like to add a new apartment complex this year, so I probably won’t be basking in the No Vacancies glow for long 🙂
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