One of the most frustrating situations for a landlord is a vacant rental property. Every day that a rental property is not occupied, the property is costing the landlord money. Have you ever had a rental property that was vacant for several months? If so, there were still expenses regarding the property rented such as mortgage payments, advertising cost, and utility bills.
If there is no tenant renting the rental property, you as the landlord probably had to pay those expenses. Therefore, you should always try to make sure that your rental property is rented, but keeping a rental property occupied is not always easy. Many rental properties remain empty for months while daily attempts are made to find tenants for the properties.
For any landlord, there may be times when a rental property is vacant. However, this should be the exception and not the rule. There are a variety of things that you can do to ensure that your rental properties are rented on a consistent basis. Some great tips that you can use to keep your rental properties rented include:
- Keep your rental rates competitive based on the area where the rental property is located.
- Make sure that your rental property has great curb appeal.
- Make sure that the inside of your rental property looks appealing.
- Make sure that you have common amenities such as a dishwasher, microwave, refrigerator, stove, garbage disposal ceiling fans, washer/dryer connections, and cable connections available in the rental property.
- Advertise your rental properties online or in print publications that attract people who are interested in the type of rental property you have available.
- If you have carpet, make sure that the carpet looks good and is not noticeably worn.
- Make sure that the lawn is maintained properly and looks appealing.
- Always provide friendly, courteous, and professional service.
- Make sure that everything is working properly regarding the rental such as appliances, A/C unit, heating system, plumbing, and power outlets.
- Ask the question, would you rent the property? If the answer is no, potential renters may not rent for the same reasons.
If you have been renting properties for any significant time period, you probably understand that property management is time-consuming. Also, property time-consuming can be frustrating. If you have been wondering if there is another way that you can rent your property without having to deal with the day-to-day landlord property management responsibilities, we can assist you.
At Keyrenter Denver, we provide property owners with a variety of property management services. We understand the challenges that property owners face, and at Keyrenter Denver we offer proving real estate management services.