A Primer To Reduced Vacancy Loss
Vacancy loss is the bane of all multi-family housing operators. Once an apartment is empty, that revenue opportunity is lost forever. So it’s not surprising that all sorts of methods (and madness) have evolved to deal with units that have been vacant for a long while—the “long standing vacants” (LSV).
In this white paper we:
- Discuss the issue of LSVs from a revenue management (RM) perspective
- Suggest a specific protocol for dealing with LSVs