The single biggest expense for owners or Property Managers is a vacant, non-producing rental property. Making a home rent ready, properly marketed, and filled with a reliable tenant is critical in this business. As a Property Management Company, we run our business off systems and checklists. Below are 4 Proven Strategies to get your home rented fast.
Proven Marketing Strategies to Get Your Home Rented Fast in Gwinnett County.
Before putting any home on the market for rent, we walk the property to determine what needs to be done that will ultimately turn on or off a potential tenant. We weigh the cost of repairs or upgrades to the rental price. The better the condition of the home, the quicker the home will rent. We pay special attention to curb appeal, shape of carpet, interior paint, and cleanliness.
Number two priority would be price. The wonderful thing about real estate is the market ultimately sets price. The potential tenant may love the home, but may be unwilling to pay $150 more because the home has newly installed kitchen counter top. Every day the home sits on the market is one more day the chance of vandalism to occur and one more day without any money being received. As a Property Management Company, we use our resources to pull current comparables, use our data base of past rental rates, and knowledge of the market to arrive at what feel is market rate.
After setting a price and making sure the home showing is the best possible, our expertise and resources kick into drive as many potential tenants to your property. By focusing on specific mediums, we typically attract a higher quality prospect. At the time of this writing, we are able to have our homes displayed on over 80 of the top websites without any extra cost to you.
Last, but not least, is the tenant. While getting the home rented fast is a priority, filling the home with a tenant that has a track record of slow pays or evictions does no one any good. As a Property Manager, we pull credit, criminal, rental, and work history to determine the past habits and paying tendencies of our applicants. Avoiding certain tenants can be the biggest single challenge a Property Management Company can make.
For additional information, visit our article “How to Fill Rental Vacancies and Rent Your Property Faster.”