A property can rent in 30-60 days or less if priced right. A good property management company will be able to do research to set a price that is based on the local market and advertise aggressively to get vacancies filled quickly.
If you’re still worried about this problem of renting out in good time, then maybe I can help. After a bit of research, I discovered that there are several important areas to understand first.
If market conditions are in your favor, then you should be able to rent out your property in between 30-60 days. There are several important reasons behind your property being rented out quickly or slowly.
There are four simple things you can learn about any potential tenant that will help to determine if they are a suitable candidate for your property. While you do need to be open, you also have to be at least a little discerning to ensure you’ll get a tenant who can look after the property and make rent on time.
If you’ve rented properties before, then you will worry less about the process. First-timers should be mindful of potential pitfalls and take steps to ensure they avoid them.
Firstly, it’s a good idea to use a reputable property management company for the wealth of their knowledge and expertise. When your own experience is lacking somewhat, then who better to step in than a team of seasoned professionals? A reputable property management company can help direct quality pre-screened tenants your way, so all you need to worry about it having the property ready for viewing.
Second, renting a property out quickly means reaching out to a large pool of great potential tenants quickly. That’s hard to do by yourself, as you’ll have to manage multiple property media accounts like Zillow, Rentals.com, and others. Leave the search and marketing to the experts. Their built-in audience can be directed right to your property based on the company’s own algorithm and system.
Finally, a property management company doesn’t just handle finding the tenants but also acts as a point of communication between you and your new renters. They can often supply 24-hour communications channels that allow tenants to report problems as they happen, reducing potential conflicts and keeping the property in good order.
The Humane Society of the United States reports that an incredible 72 percent of renters have pets. They also found that most have trouble finding rented accommodation because similar data shows that only 55 percent of landlords allow pets.
Imagine closing off your property to almost three-quarters of the rental market. If you want to rent out a property as quickly as we mentioned above, then it’s a good idea to be flexible enough and allow pets.
You don’t have to let someone with a pet alligator or an army of cats move into your property, but having at least some allowance for common pets like dogs or cats, for instance, will open the scope for new tenants much more widely.