Posts Tagged ‘rent drop’

DEALING WITH A DROP IN RENT

The rent reduction conversation is never an easy one between property managers and landlord’s. What it simply comes down to is an open line of communication and an education process on current market conditions. There is always a reason why a property doesn’t rent. To help landlords understand why, Director at iThink Property, Kylie Walker has underpinned the factors which may affect rental income and could trigger the drop in rent.   Three P’s In our ever-changing digital world renting a property is no longer about simply putting up a sign. With 95 percent of our tenants searching for a property online, it is the primary source of securing a tenant in today’s market. From the start we need to ensure the property is presented well, by that we need… Read More »