Every vacant day chips away at your property investment returns. While many landlords focus solely on securing premium rents, the smartest investors understand that tenant turnover silently erodes profits faster than almost any other factor in property management.The numbers don't lie. When tenants move out, you're not just losing one to three weeks of rental income. You're also facing cleaning costs, necessary repairs, potential property updates to stay competitive, advertising expenses, and letting fees. These combined costs make tenant turnover one of the most significant yet underestimated threats to investment property profitability. Even when tenants are contractually obligated to return properties in pristine condition, the reality rarely matches expectations – leaving landlords to cover the difference.When turnover becomes inevitable, minimising vacancy periods becomes critical. The moment a tenant gives notice, immediate action is required – identifying necessary work, beginning marketing efforts with "available soon" listings, and coordinating showings while the property remains occupied (with proper permission). This proactive approach allows most properties to be re-leased with minimal downtime, often just 1-5 days instead of weeks. Ready to transform your property investment strategy? Start by focusing on tenant retention as your primary tool for maximising returns.Send us a text If you have any questions or scenarios you would like us to discuss on an upcoming episode, please email [email protected] or visit https://www.exclusivelymanaged.com.au/Donate to the sleepbus foundation here. https://www.sleepbus.org/services/sleepbusfund

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