
2021 Property Management Market Rates and Trends to Look For in Kelowna
It’s an excellent time to be a real estate investor in Kelowna, especially if you’re renting out well-maintained homes in good neighborhoods.
It’s an excellent time to be a real estate investor in Kelowna, especially if you’re renting out well-maintained homes in good neighborhoods.
Tenant turnover is expensive. When a resident leaves your property, you’re faced with a temporary vacancy as well as maintenance costs. There are additional expenses, too, such as paying to re-key the property and advertising the unoccupied home in order to find a new tenant.
Here are some of the general things you should expect when you’re paying those leasing and management fees.
Vacancies are frustrating. They’re also expensive. When your Kelowna rental property sits unoccupied, you’re not earning any rental income. You’re also paying for extra maintenance, upkeep, utilities, and security.