What can be a direct result of improved tenant retention?

Enhanced cash flow stability is a direct result of improved tenant retention because when tenants stay longer, it reduces the frequency of vacancies. This stability allows property owners and managers to predict income more reliably, as they can count on a consistent stream of rent from long-term tenants. Additionally, reduced turnover means lower costs related to finding new tenants, such as marketing expenses and potential loss of income during vacancy periods. With fewer vacancies, property owners also have more predictable expenses related to management and maintenance, leading to an overall reduction in financial risk. This interplay of steady cash flow and lower turnover costs solidifies the link between tenant retention and financial stability.