What happens if my property is vacant for a long time or vacancy rates go up significantly?
We minimize volatile vacancy rates by purchasing properties in neighbourhoods that exhibit intra migration, the “ripple effect” of growth from nearby urban centres, economies supported by multiple industries, government investment in infrastructure, etc. We also work closely with our property management company to ensure they act pro-actively to fill any vacant units as quickly as possible with creative advertising, tenant incentive based referrals, etc.
Related Questions
- Who will be responsible for getting vacant possession at the end of the Lease or if the occupiers damage the property at any time during the Lease?
- I have different nightly rental rates depending on the time of the year. What rate should I put in the nightly rate box for my property?
- What happens if my suite is vacant for a long time or vacancy rates skyrocket?
