Occupancy Rate vs. Vacancy Rate

September 30, 2013

We manage over 800 rental homes and apartment units in El Paso.  We have a healthy occupancy rate of 92.3% which falls within the industry standard range of 5-8%.  Property Management is a game of contradictory forces and is a delicate balance.  When you raise the rental unit prices, your vacancy rate goes up and your occupancy rate goes down.  When you lower the rental unit prices, your vacancy rate goes down and your occupancy rate goes up.  It's good to have some vacancy because if you do not have any vacancy that shows that you've priced your rentals too low.  And conversely, if your vacancy rate is much higher than 8%, that shows you are pricing your rentals too high.  It's important to remember that Realtors do not set prices of properties.  The market simply speaks and we listen.  The market is never wrong.

Many of our property owners are service men and women that received orders and had to leave El Paso quickly.  We put tenants in their properties until such time as the owner decides to sell (and we help with that, too) or returns to El Paso and to take repossession.  And we also manage properties as part of larger investment portfolios.  Whether you have 1 house or 50 units, our team can get it done for you.  We coordinate repairs, handle tenant placement, and check tenants in and out as needed.  In addition we provide our owners with a monthly statement of accounting on their unit(s).

Recently we took on the rental management for an apartment complex in Northeast El Paso.  These units are 2 bedrooms and 2.5 bathrooms and they are BRAND NEW.  If you want a SUPER CLEAN unit that's never been lived in before this is the perfect spot for you.  These units are stylish and modern with wood floors and sleek Ikea-style cabinetry and fixtures.  Call us at 915-779-5611 to schedule an appointment to see this exciting new property.