Tip of the Month - September 2007
PREPARING YOUR RENTAL PROPERTY FOR PROSECTIVE TENANTS:
Source: Property Management for Dummies
Wiley Publishing - Robert Griswold
You may think of preparing your rental property as one of the
most basic skills, but it is critical to your overall success.
Because vacant rental units do not generate rental income, you need to
fill your vacancies with good, stable, rent-paying tenants as quickly
as possible. And one of the best ways to do this is to make sure
that your vacant rental units are clean and in rent-ready condition
when you show them to prospective tenants.
A poor first impression of your rental unit’s exterior is hard to reverse - regardless of how great the inside may look.
You may think you are saving time and money by allowing a new tenant to
lease a rental unit that has not been properly prepared. After
all, if they do not mind that the unit is not rent-ready, why should
you? Unfortunately, this strategy is not as problem-free as it
seems on the surface. In fact, it is a big mistake.
Why? Because the kind of tenants you will attract with a rental
unit that has not been properly prepared is someone who has lower
standards and may even be desperate. New tenants who will accept
a dirty and poorly maintained rental unit will surely not make any
effort to leave the property in good condition when they leave.
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page was updated on 08/30/2007.