What is your biggest asset with your rental property?
Mendell Gosnell - Thursday, June 8, 2017
What if you had a great rental property, but no tenants? Is it still a great capital asset? This was a very interesting question posed in a trade article for Landlords. What is your biggest asset in regards to your rental property? For many landlords or property owners, their answer to this question would be the physical building. However, how valuable would the property be without tenants? If a rental property is vacant, then it is what they call in the industry, “an alligator” or a.k.a a “money pit”! It is important to view residents as the real capital asset.
At Centurion Real Estate Management, we work hard every day to show our tenants that we care about them and that we are here to serve them. Having a tenant appreciation program in place and keeping our focus on the tenants helps us to achieve the highest return for our owners.