Thursday, July 31, 2014
If your property is sitting vacant during the slow season, don't lose your head over it. You can stay on top and find the tenant you need in no time. Sweeten the deal and get a new tenant in now time. Get tips…
1. Furnish the property
Most renters are first-time renters with little to no possessions. Some cheap but usable furniture should answer their needs. Not only will the furniture appeal to their sense of comfort, it will also be a savings measure for them while they organize their budget in the meantime.
You can also charge a little higher rent for it.
2. Do check for needed repairs
Not only is it required by law, but this will also assure prospective tenants that the property is taken care of.
Nobody wants to put money in something less than pristine. Cover up the cracks, polish the floors, check the plumbing and dust off the place. Make it look as good as new.
3. Consider other tenant profiles
You may be too set on the BPO crowd or too general about how the unit can answer the needs of a particular tenant. Think of the needs of newlyweds, solo renters, transients and the like and cater to them in your sales pitch and ads.
Do remember that even the smallest apartment can have a renter, as long as you know who to pitch to.
4. Make concessions
Create and offer prospective tenants a package deal. It can be anything from including the cable bill, association dues, internet or the first month’s rent.