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Saturday, July 19, 2014
Top 4 Tips For Avoiding Vacancies in Your Temecula CA Rentals
Having empty Temecula CA homes for rent for a long time might be one the things that keeps you up at night as a landlord. That needs to stop. And there are things you can do about it. First, make sure you work with a good Temecula CA property manager. They can help you market your property so that tenants will be lining up. Here are some other things you can do if you are worrying about vacancy periods.
1. Know the reason why tenants leave and deal with it
Before you think about getting a new tenant to fill the recently empty home, take time to analyze why the current tenants left. If your renters are happy and satisfied, there wouldn’t be any reason to leave.
Find out why tenants stay and find out why they go. Don’t worry about hearing negative feedback or criticism. Hearing and acting on it might just save you from all those long vacancy periods.
2. Revisit your pricing
No need to raise your eyebrows. It’s a suggestion worth hearing I assure you. Price is one of the biggest motivations tenants have when choosing rentals. They are willing to pay as long as it’s within their budget and they know that the home is worth it. So think of those two things.
Some of the questions you may ask are: Is my rent priced too high compared with other properties in the neighborhood? Is my pricing appropriate for the tenants I am targeting?
Whenever you think about price, always have an open mind about slightly lowering the price if it is really needed. Remember that having very long vacancy periods can cost you more in the long run than having to adjust your pricing now.
3. Make it pleasing to the eyes
It’s what they see that tenants will remember. So if you have them over for viewing, make sure there’s no eyesores anywhere. This does not just mean having dirt and clutter all around. Unfixed faucets, broken windows, and other minor details can easily turn them off. The impression they’ll get is that the property is not well maintained and some problems might come up soon.
Moreover, how you take care of your property and how you present it to tenants also says a lot about you as a landlord. You wouldn’t want to scare them off, that’s for sure.
4. Make it visible to many
The internet - that’s your biggest tool right now. Having many people view your property both online and offline ensures you of higher chances of having someone rent it out sooner. Take advantage of a tenant’s tendency to go online and start their search. Make sure your property is on top sites like RightMove, FindAProperty, PropertyFinder and others. But of course if you have a Temecula CA property manager, this wouldn’t be part of your To Dos. Marketing, advertising, and even tenant screening will be handled for you.