But, even good homes can linger on the market for longer than expected.
Vacancies are costly, and the longer your property is left unoccupied, the more you’re losing in both the long term and the short term.
We have some tips that can help you quickly turn a vacant property into an occupied property.
Evaluate the Condition of your Visalia Rental
High quality tenants are quick to apply for and rent properties that are in excellent condition. You don’t have to conduct a complete renovation before you put your rental home on the market, but you do need to make sure it’s functional, welcoming, and attractive.
First, make sure everything works.
Tenants who come to see the home will not be eager to rent it if the appliances aren’t working, a toilet isn’t flushing, or the light bulbs are burnt out. Once you’ve made every necessary repair, take a look at the cosmetic improvements that might be necessary. Do you need a fresh coat of paint on the walls? Could the carpet use a professional cleaning? Is the landscaping creating the kind of curb appeal you want?
First impressions are important to tenants. Make sure your property is likely to attract good tenants. If it’s old and worn, invest in some upgrades and updates to get it rented quickly.
Price Your Visalia Rental Home Competitively
One of the biggest reasons that properties don’t rent quickly is that the pricing is too high. Make sure you’ve done your market research.
Naturally, you want to earn as much as possible in rent every month. But, if your rental price is too high, you’ll end up losing more money than if you had simply priced it according to the market. If you’re not getting any type of response to your marketing or your online listings, it’s probably a pricing issue. Get some good data and take another look at your listing price.
Keep Showings Simple and Accessible
Are you making it easy for prospective tenants to see your property?
A good marketing plan will attract a large pool of potential renters who are interested in seeing your rental property. If you don’t return their calls or don’t make your property available, it’s not going to rent quickly. Good tenants have a lot of options, and they’ll move on to the next property on their list if it becomes a struggle to schedule a showing or get in touch with you.
Be available to show your property. If your schedule won’t allow this, invest in a lockbox or showing technology that allows prospective tenants to let themselves into the property and take a look around for themselves. You have to be responsive to their inquiries.
Work with Professional Visalia Property Managers
Professional property management companies have tools and resources for marketing and leasing rental properties that individual landlords often cannot access on their own. If you’ve never considered working with a professional property manager in Visalia but you’re having trouble renting out your property, now is a good time to get in touch with someone.
We’d be happy to help you rent your property quickly to a great tenant and for the most amount of rent. Contact us at The Equity Group. We’ll provide a personal evaluation and get your property rented.