Tips to get your slow-moving rental property RENTED!!

If you’re a landlord and your rental property that’s not moving or not getting much action, here are some steps you can take. Don’t hold out for an extra $100 per month but end up losing three months of rent (let’s say $3000 if your home rents for $1000 per month). Here’s what you should do:

  1. Evaluate price – If you’re overpriced the house will sit. Be sure you’re looking at the average price in the area for comparable properties as well as what your active competition is charging.
  2. Evaluate the condition – If the property is in rough shape (not move-in ready), dead bugs everywhere (common with vacant properties), dirty, overgrown yard, etc. this will be a turn off for many potential tenants and reduces the quality of tenant you get as well as the price at which you can rent it.
  3. Marketing/Web Presence – Is your listing all of the Internet? Are you using social media? 90% of people start their search for a home online Web presence is key!
  4. Availability – Potential tenants want someone that’s responsive! How you respond while it’s listed? Is it quick or are you responding in a few days? If a few days this will cause you to lose tenants. If you have a management, make sure they are responding to potential tenants. 

If you have questions or would like to learn more about how we can help you reach 100% occupancy feel free to call us at 817-462-0303.