Vacancies in rental units are a nightmare for property owners, since expenses like utilities must still be paid on all units, regardless of occupancy status. Each unit that is not rented and earns no income actually becomes something of a liability. As the property owner, your priority should be filling the vacancy as soon as possible, because when the cumulative effects of multiple liabilities are felt, profits begin to plummet and your enterprise can quickly flounder. All property owners and managers are aware that vacancies are a bad thing and need to be addressed, but not everyone may know that property management companies can offer substantial assistance in filling a vacancy quickly, before things get out of hand.
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