Problem 1
$1,000+ per week
A Vacant Large Flat Can Cost More Than $1,000 Per Week
Large properties carry large holding costs.
When a six to twenty-bedroom property sits vacant, owners can quickly lose thousands of dollars in rent while still paying mortgages, rates, insurance and utilities.
The difference between leasing a property in two weeks versus 6 months can have a significant impact on annual returns.
BigFlats focuses on reducing vacancy through:
- Active tenant sourcing
- Student marketing
- Mailing list promotion
- Group matching
- Early marketing before vacancies occur
