Tips for Reducing Vacancy Rates in Your Rentals

Every day your rental property sits empty is money out of your pocket. Vacancies don’t just cost you rental income they also create extra expenses, from utilities and maintenance to marketing costs. The good news? With smart strategies, you can reduce vacancy rates and keep your property occupied year-round.

Here are practical tips for Maryland landlords, with insights for Anne Arundel, Prince George’s, and Howard Counties.

1. Price Your Property Right

Overpricing is one of the main reasons rentals sit vacant. Tenants shop around, and if your unit is higher than similar properties, it won’t move.

• Do market research: Look at current listings in your neighborhood.

• Be realistic: If your property has average amenities, don’t price it like a luxury rental.

• Adjust quickly: If you don’t get interest within 2–3 weeks, lower the price.

💡 Example: In Prince George’s County, rental demand is high near Metro stations, but in more suburban neighborhoods, you may need to price more competitively.

2. Invest in Curb Appeal and Upgrades

First impressions matter. Small improvements can go a long way in attracting tenants.

• Fresh paint and clean carpets

• Updated lighting fixtures

• Landscaping for single-family homes

• Modern appliances

💡 In Howard County, properties near good schools are in demand, so small upgrades can help justify competitive pricing.

3. Market Effectively

A strong listing helps your property stand out.

• Use high-quality photos that showcase space and light.

• Write clear descriptions highlighting unique features (parking, in-unit laundry, proximity to public transit).

• Advertise widely on rental sites, social media, and even local community boards.

💡 Anne Arundel County landlords often attract military families due to proximity to Fort Meade and the Naval Academy highlight short commutes in your listings.

4. Offer Tenant-Friendly Policies

Sometimes flexibility makes the difference in closing the deal.

• Consider allowing pets with a reasonable deposit.

• Offer flexible lease terms (12–24 months, or month-to-month if appropriate).

• Provide move-in incentives, like one week of free rent.

5. Focus on Tenant Retention

Keeping a good tenant is always cheaper than finding a new one.

• Respond quickly to maintenance requests.

• Keep communication open and professional.

• Renew leases early don’t wait until the last minute to discuss extensions.

💡 Tip: In Maryland, landlords must give proper notice before non-renewal. Being proactive not only keeps tenants happy but also helps you plan ahead.

6. Stay Compliant and Professional

Counties like Anne Arundel, Prince George’s, and Howard require rental licensing and property inspections. Staying compliant builds trust with tenants and avoids delays in re-renting.

A well-maintained, legally compliant property is far more attractive than one with red flags.

Final Thoughts

Reducing vacancy rates isn’t about one big trick—it’s about a combination of competitive pricing, strong marketing, and good tenant relationships. In Maryland’s active rental markets, especially in Anne Arundel, Prince George’s, and Howard Counties, landlords who stay proactive and tenant-focused are the ones who keep their properties occupied and profitable.

Call us now or visit www.tbmpropmanagement.com