Vacancy cycles in any rental property reduce the cash flow and lead to increasing maintenance expenses. It is beneficial for property owners to fill vacancies quickly in order to generate consistent revenue. Marketing a rental home for new tenants is a challenging task and property owners can consider hiring a property manager to do the task for them.

• Retain your tenants: The best way to avoid or minimize vacancies is that you retain your tenants for longer periods. Ensure that the property is safe, clean and well maintained, so that the tenants feel content and happy. You must quickly respond to the maintenance calls of the tenants to make sure that they have a reason to stay in your property for a longer tenure.
• Offer lease extension at a discount: To make sure that the tenant extends his lease and does not vacate the property, you can offer lease extension at discounted prices.
• Put a sign outside the house: This is probably one of the most common and the most cost effective marketing trick. Put a ‘For Rent’ sign outside your house and make sure it is visible. This will help you get maximum attention and increase occupancy.
• Get testimonials: Ask your past and current tenants to give you testimonials regarding their experience of staying in your rental property. These testimonials can help your prospective tenants take a decision and choose your property. You can also use the testimonials in your advertisement or marketing material.
• Post rent notice or advertisement: To make your prospective tenant aware of the vacancy, post notices in the campuses of large companies. The HR departments of these companies can recommend your rental unit to the new employees who relocate into the area. You can also post an advertisement in the local newspaper or magazine to attract potential tenants.
• Create a fact sheet: To make the prospective tenants aware about your rental house and its features, you can create a fact sheet, which compares your property to other available properties in the area.
• Start search before your tenant moves out: To avoid vacant periods, start showing your property to prospective tenants before your current tenant vacates the property. This will help you maintain the cash flow and avoid vacancies.

We, at REAL Star Property Management, LLC, provide rental services for residential and commercial properties in Killeen, TX. For more details, you can call us at (254) 693 – 7850 or visit our office at 3901 E Stan Schlueter Lp Ste 100, Killeen, TX 76542.