Managing your own rental property in Las Vegas might sound like a great way to save money, until...
When investors analyze rental returns, most focus on rental income and expenses. But there’s one factor that can quietly eat into your profits faster than you think: vacancy.
Even a single month without a tenant can drastically reduce your annual return on investment. For example, if your property rents for $2,000/month and it sits vacant for one month, you've lost 8.3% of your annual income instantly. And that doesn't include the ongoing costs you still have to cover during that time — mortgage, HOA, utilities, maintenance, and insurance.
The Hidden Costs of Vacancy
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Opportunity Cost: Money you lose from not having rental income.
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Increased Wear and Tear: Empty homes tend to deteriorate faster without regular use and eyes on the property.
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Marketing + Turnover Costs: Every time a tenant leaves, you incur costs to clean, repair, and relist the property.
How to Minimize Vacancy Loss
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Renewal Incentives: Offer small rent discounts or bonuses to tenants who renew early.
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Responsive Management: Happy tenants stay longer. Quick response to issues increases tenant satisfaction.
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Strategic Marketing: Don’t wait for the move-out notice. Start advertising at least 30 days prior.
At Cunningham Group, we help property owners maintain steady occupancy and keep their rental income flowing with proactive tenant retention strategies.
