The risks and difficulties that could appear while leasing out a new or recently renovated rental property to renters are referred to as lease-up property risks. Several such lease-up hazards include: Slow lease-up: The property may take longer than anticipated to fill, which would diminish the owner's rental income and raise carrying costs. High vacancy rates: A property may have a high vacancy rate if vacancies are not filled promptly or if tenants leave frequently, which will lower its revenue and profitability. Low rental income: If the rents are set too low, there may not be enough money coming in to pay the bills and turn a profit. Tenant problems: If the property is occupied by unreliable tenants who miss rent payments or damage apartment units, the business may experience a decline in revenue and an increase in expenses. Legal concerns: Complicated agreements and rules may be part of the lease-up process, and failure to comply with them may result in fines and legal issues. The success and profitability of a rental property can be significantly impacted by lease-up risks, therefore property managers must carefully evaluate and manage these risks to guarantee a successful lease-up process.