Archives for: December 2008, 01
Three Tips To Get Your Properties Into Top Rental Condition
Vacancies are costly. Likely you are paying a mortgage on your property and certainly you're paying taxes and insurance while your property is unoccupied and not producing income. Additionally, you have marketing costs to get your unit rented, or you are anticipating paying a portion of the first month's rent to your property manager or a tenant placement service. Bottom-line: money is tight when you have a vacant unit and you may be tempted to cut corners on the fix-up work to get your place rented.
This is almost always a mistake. A property in poor condition is going to sit on the market for much longer. If you are in a slow rental market with lots of competition, then it's even more important to make your property stand out as a desirable dwelling by paying attention to the major areas that will attract or repel potential tenants. The primary areas that you should focus on are: