Canberra Blog

Have you heard that old statistic?

"It costs five times as much to attract a new customer than to keep an existing one" 

Well, much the same applies when it comes to property management. Commercial property investments in particular are subject to a diverse range of tenants, agreements, and covenants - making the retention of a good tenant the best investment you can make into your asset! 

Tenant turnover is a significant concern for real estate investors. The expenses incurred by a vacated property extend far beyond simply missed rent. Whilst transitioning between tenants, the bills can stack up, including cleaning, repairs, renovations, advertising, and marketing costs. 

At Raine & Horne Commercial Canberra, we have a number of strategies for keeping our tenant turnover rates low. A big part of that is nurturing relationships with tenants, whilst keeping our clients' asset well-maintained. 

Having stable and financially secure professional tenants lowers the risk of default and vacancy, making your investment more secure and increasing potential returns.

Keeping good tenants in place isn't just about stability - it's a smart financial move! 

If you want to take the stress out of your investment, reach out today to the expert team at Raine & Horne Commercial Canberra - 02 6236 9526 or [email protected].