Episode 81
Vacancy Rates and Marketing
In this episode, John and Kyle dive into the intricate world of vacancy rates and
marketing in property management. The discussion is part of their ongoing series
aimed at addressing key concerns when selecting a property manager.
Kyle and John emphasize the financial implications of vacancy rates, especially noting
that vacancies can cost homeowners more than any other factor. Leveraging data from
the National Multifamily Housing Council (NMHC) and RealPage, they illustrate how
professionally managed properties benefit from significantly lower vacancy rates—4 to
5% compared to 7 to 8% for self-managed properties. They discuss various strategies
professional property managers use to minimize vacancy rates, including advanced
marketing systems and technology. John and Kyle highlight the role of efficient
processes, online tools, and tenant screening in lowering vacancy rates, thereby
boosting rental income.
Quotes:
"There is nothing more that costs a homeowner money than vacancy days.” ~John
"A good property manager should be making you more money, paying for themselves,
and letting you not have to deal with the property." ~John
"Professional property managers use targeted advertising to achieve a 10-15%
increase in rental inquiries compared to traditional methods." ~Kyle Teixeira
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Tune in today!
We Are TPM
Teixeira Property Management
Mansfield, Texas
www.WeAreTPM.com
ShowMeTheMoney@WeAreTPM.com
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There are a vast amount of ways in today's world to build wealth using real estate and
investing, not just in property, but in yourself!
Located in the Dallas-Fort Worth area of Texas, John Teixeira and Kyle Teixeira of
Teixeira Property Management bring you all of the knowledge and experience they can
provide for the confidence to achieve your investment goals, or how and why to create
them. Now, while John and Kyle have a ton to share, they will also be bringing you
interviews with some of their clients, industry partners, experienced investors, and
much more every week!
John and Kyle look forward to sharing the knowledge you need about arguably the
greatest investment vehicle that is available to the masses — Real Estate. Knowledge
is power, and John and Kyle intend to give you as much power as possible. It's not
always about the HOW, but also the WHY, and they will be digging into it right here
every week!
