TIP OF THE MONTH - August 2014
Source: Property Management for Dummies
Curb appeal is
also important to retaining your current tenants. One of the most
common complaints of tenants and a major reason for tenants to move is
the failure of the owner or property manager to properly maintain the
rental unit. If the tenants are frustrated with the property
appearance or if they get the runaround when they need things repaired,
the tenants have little reason to remain unless the rent is
significantly below market value. Poor curb appeal is the direct
result of poor management. There is no excuse for poor curb
appeal, and there are no benefits to anyone involved, because the lost
revenue is never regained and the property value ultimately declines.
The best advertising campaign in the world cannot
overcome a poor physical appearance. Making sure your property
looks good on the outside as well as the inside significantly improves
your chances of finding just the right tenants.
This web page was updated on 07/30/2014.