If you own rental properties, you know that having just one vacant house can be scary. That’s because when your rental property is vacant, you don’t have any money coming in. While this is true, there are tips you can use to help ensure your rental property remains rented or to get it rented faster when it is vacant.
Choose the Right Price
When it comes to rental properties Dothan AL, it is important to choose the right rent amount. The current market value of the property is what someone will be willing to pay. This means you cannot base the price on your perceived value or expenses. Make sure you choose an appropriate price.
Respond to Inquiries Quickly
Once you receive an inquiry, make sure to call them back right away. You should not worry about seeming too eager or waiting until the house is “perfect.” The truth is that people who want a house to rent are usually looking for the first one that will fit their family and needs. Don’t wait to call someone back. The sooner you get in touch, the sooner you can have your property rented.
Have a Screening and Lease Program Ready
After you find a tenant who decides they like your property and want to rent it, it doesn’t mean they will stop looking elsewhere. Some people don’t want to pay the $40 per person credit check or background check fee. You have to make sure your screening program is quick and simple, which is the only way to get a renter in the property quickly.
If you own rental properties and want to ensure they don’t remain vacant too long, use the tips and information here. This will help ensure you have money coming in and that you don’t get behind on your bills or expenses.