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Renters who are exploring the market for houses can be overwhelmed by vacancies. While houses might appear to be great in every way, a home could have a high turnover reputation. Learning how to avoid high tenant turnover rentals can prevent future issues when renting a home. There are a lot of reasons why homes have high turnovers. Learning the basics can be helpful.
1. Inconsistent Repairs
All property owners face the fact at some point that all homes will need repairs. Not every property owner is eager to spend money fixing older or newer homes. Appliance failures, plumbing and electrical issues are some of most common types of repairs requested by renters. Property owners who do not respond promptly to requests for repairs can often have a higher turnover. When considering a rental home, it is a good idea to ask how many renters have rented a home previously. The reply could be shocking.
2. Above Average Rent Increases
It is normal in the real estate industry for property owners to take advantage of ways to increase annual income through rent increases. Some companies start lease agreements with lower rent prices and gradually move up to average market rent. Owners of homes with a track record for increasing monthly rent at higher than average rates can have a higher turnover of rental tenants. Asking in advance how often rent increases happen can help determine if a property will be a good long-term rental.
3. Poor Property Management
A growing trend in the housing industry is for owners of homes to hire property management companies to handle all of the daily tasks involved with managing a property. Most companies charge a standard monthly fee that includes rent collection, property reports, handling contractors and other tasks that are essential for properties. Not every property management agency is created equal and some companies perform below industry average work. Validating what management company a property owner uses before agreeing to rent a property can provide an opportunity to research company complaint histories.
4. Late or No Responses to Inquiries
Tenants who make repeated requests that go unanswered for basic or complex issues might never renew a lease contract. Landlords, property owners or managers are expected to handle all issues promptly. Responses that arrive too late or not at all can be one sign of a bad rental. Speaking with other tenants renting houses from owners of homes or property management companies can help a new renter to evaluate the effectiveness of submitting requests when issues arise.
Renting homes in the city of Jacksonville is made easier with the solutions for homes listed on this website. All properties that are found using the search system listed here are available for occupancy. The monthly rent prices are published as well as recent photos of the interior and exterior of each home. Scheduling for walk throughs or additional information about each property can be obtained using the resources found on this page.