Which of the following could be a result of poor tenant retention?

Prepare for the RECA Property Management Exam with multiple choice questions that offer hints and explanations. Ace your exam!

Higher costs associated with finding new tenants is a direct consequence of poor tenant retention. When tenants leave frequently, property managers must invest significant resources into advertising, screening, and onboarding new tenants. This can result in increased expenses for marketing the property, conducting background checks, and dealing with any necessary repairs or clean-up that may be needed before a new tenant moves in. These activities often require time and financial resources that could otherwise be allocated to maintaining the property or enhancing tenant services.

In contrast, increased community involvement, lower vacancy rates, and better property conditions do not typically arise from poor tenant retention. Frequent turnover might actually lead to a lack of continuity within the community, higher vacancy rates due to not having tenants in place, and potential neglect of property conditions as resources are instead focused on filling vacant units.

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