Property Management Blog

Property managers Detroit and the guarantee to fill vacancies quickly

Chris Garner - Wednesday, April 18, 2018

Most property managers Detroit are very guarded when it comes to answering the question: "How long will it take for you to fill my vacant property?" Some usually give a standard reply like "one or two months" but lay emphasis on the fact that one simply cannot guarantee such things.

The fact is that: this industry of rental real estate business is one full of customer expectations. Property owners and landlords have come to expect certain services from their property managers and firms that have been in this business for decades. However, there are things one simply cannot guarantee despite having tremendous expertise and know-how.

Careful market study is required in order to make such estimates. Additionally, factors like: the time of the year, the location of the property, the current rental rates, the fluidity of the current market, the condition of the home etc all play an important role in the matter.

A vacant property can take a heavy toll on the property owner's finances. One has to spend on maintenance and yet not get the returns. Naturally one cannot even reduce the rental rates as this would most certainly mean poor quality tenants. Hence, a lot of thought and analysis has to go in such matters. There is a very fine line between keeping low rental rates and, at the same time, expecting superior quality tenants who would be likelier to pay rents on time.