Leaving properties vacant is an absolute killer to revenue. I’m reading a lot of people in this discussion cite that property managers are comfortable with vaca

Leaving properties vacant is an absolute killer to revenue. I’m reading a lot of people in this discussion cite that property managers are comfortable with vacant units because of all the extra money they’re making off of raising the rents, but you’d need to raise them an incredible amount to justify even a single month of vacancy. Normally 5% is reasonable, but if that number slides it really kills profits. I guess what I’m saying is that the incentives are aligned here: property managers want to see units occupied, and so does everyone else. Will they lower prices until 100% occupancy? No, there needs to be some unoccupied units or there would be no liquidity in the market (if there are no houses to rent and you want to move to a city, how could you move?).