As your management company, we are proactive to prevent loss of rental income. Instead of waiting to see if tenants give notice, we always contact tenants 60 days prior to the lease expiration to confirm whether they will renew their lease. If they wish to renew, we perform a new market analysis to determine the appropriate rent. When the analysis favors an increase, we negotiate the renewal with the tenants and have them sign the new lease.
If tenants are moving out, we will check with you before we begin marketing your property. We begin our comprehensive search for new tenants 30 to 45 days in advance of the lease termination date, minimizing vacancies so you continue to earn rental income.