A property manager’s vacancy rate indicates the percentage of rental properties that are currently available. If you are shopping around for a property manager it is important to understand what vacancy rates can mean for your investment property.
A high vacancy rate would indicate that properties are not renting well, whereas a low vacancy rate would mean that there is good current rental interest.
Of course, finding the lowest vacancy rate does not automatically mean that you have found the best property manager. It is also important to look into their process of selecting a tenant, and make sure that they carefully screen applicants.
Our property management team currently has a low vacancy rate of 1.9%, and our tenant selection process is very detailed to ensure that you get a great tenant in the fastest timeframe possible.
If you would like any more information on our property management services, please don’t hesitate to call us on (08) 8532 6666 or email murraybridge@saprofessionals.com.au