To develop a stable tenant population, the manager might choose to do which of the following?

To develop a stable tenant population, one effective strategy is to offer flexible leasing options. This approach recognizes that different tenants have varied needs regarding lease lengths and terms. By providing options such as month-to-month agreements or shorter lease terms, property managers can attract a wider range of tenants, including those who may not want to commit to a long-term lease. This flexibility can lead to higher occupancy rates and a more stable tenant base, as it fosters tenant satisfaction and retention.

On the other hand, increasing rental rates and implementing strict lease terms can potentially deter tenants, leading to higher turnover. While some managers might consider raising rental rates to maximize profits, this can often push current tenants to seek more affordable housing options elsewhere. Similarly, strict lease terms can create a perception of inflexibility, making potential tenants less inclined to lease the property. Consequently, a focus on flexibility is generally more conducive to building a stable, long-term tenant population.