If you have a vacant property, your cash flow stops, your asset is a liability, you increase your chances of vandalism and run the risk of your insurance being void. Vacancy is the number one enemy of property investors! Vacancy on all occasions is down to three P’s: • Price • Presentation • Property Manager Price 9.5 times out of 10 it’s the price. Rent is very price sensitive. Know your competition – how many similar properties are there like yours in your area and the surrounds. Presentation If you have good inquiries and little follow up i.e. applications, second inspections etc. It will be because your prospects are under-whelmed upon inspection. This may be the way the tenant is keeping the property, it could be that maintenance hasn’t been kept up or the ad was misleading i.e. you couldn’t call that a bedroom? As property investors we have an obligation to keep maintenance up in a proactive manner or else we run the risk of getting less qua...