Lease-up is the process of finding and placing a tenant in a newly constructed or recently vacated rental property. For investors, this phase directly affects your timeline to generate income. The faster a property is leased, the sooner you see cash flow. Lease-up also involves setting rental rates, marketing the property, and screening tenants. At Meridian, our in-house property management team begins pre-leasing efforts before construction finishes to minimize vacancy and deliver immediate returns. For 1031 buyers, this helps ensure a smooth transition into income-producing ownership.
