You want to get the best investment from your rental property. That means preparing it quickly to get tenants in. Real estate investments are pointless if they can’t generate revenue. Therefore, you need to make preparations and get the word out in a timely fashion.
How to Rent Your Home
The old practice of putting out a “For Rent” sign may land you a new tenant—as would posting fliers in local stores or listing in your area’s classified sections (printed and online). These techniques offer free ,or low-cost, ways to gain renters’ attention. But how do you know if the right candidates are looking at your ads? To expand your reach, you can pay a low fee to property listing sites like rental.com or rentalhomesplus.com. Regardless of how tempting they may be, steer clear of free listing sites. For example, USAA recommends its members not list on sites like Craigslist because they have become hotbeds for scammers. Posting on your own website or social media accounts lets friends (and friends of friends) know you have a rental. Assuming your rent rate is appropriate for the area, you’ll likely get responses quickly. Of course, those responses come with varying degrees of seriousness. Property renters are often faced with the following dilemma: You don’t want just any person to sign a lease, but you also can’t wait around for the “perfect” tenant either. Meanwhile, your rental sits around, sucking up your resources and not contributing financially.
How to Find a Quality Tenant
There’s a special science—some might say rocket science—to finding a quality tenant for your rental unit. One that pays on time, holds up their end of the rental agreement, and respects your property. Unless you’re a full-time landlord, finding the time to keep up with everything surrounding property management is nearly impossible. Here’s just a few responsibilities you’ll encounter:
- You must ensure you have a rental that complies with regulations from governing bodies
- You must understand your current market and fair rent rates.
- You must craft a compelling listing, featuring professional-grade photos and descriptions to get more attention.
- You must ensure you have systems in place for screening applicants, setting up payments, and protocols for property maintenance.
By the way, who’s going to be the actual person performing any repairs or maintenance? You?
House Rental Services Can Help!
That feeling you have right now: it’s called being overwhelmed. Admit it; this might be more work than you thought. A qualified real estate or property management company that offers house rental services can help you streamline the process. As a full-service property management company, The Realty Medics has you covered. From assessing any necessary or recommended repairs to determining proper rates, our specialists can get your investment property ready for listing. When ready, our experts will take photos and write descriptions that will attract the right audience. Our website syndicates to almost 100 other websites. We also take advantage of the realty Multiple Listing Service (MLS)—at no additional cost to you. Next, we’ll identify high-quality tenants through our comprehensive screening process, but you have the final say on who moves in. From there, we’ll also handle billing, payments, and tax documentation, which are available online for you at any time.
What About Repairs and Maintenance?
When repairs or maintenance are needed, you never have to hammer a nail on the weekend or haggle with contractors over the phone. Our in-house team can swing into action to handle the details for you, including a 24/7 answering service for emergencies. If you have nightmares about throwing away tons of income to hire a property manager, think again! The Realty Medics has graduated levels of support and coverage. Depending on your preferred level of support, there’s a package in our pricing plan that will work for you. There’s even an option for lease-only support.
Need to Find a House Rental Services Near You?
The Realty Medics offer a FREE Rental Price Analysis for property owners to learn how to maximize their home’s full potential. You can also check out our Management FAQs for more information. When you purchase an investment property, you’ll want to maximize your income potential and avoid any unnecessary pitfalls that could hinder your growth. Want to hear what our clients say about our services? Contact us by form or call us directly at 321-218-4753 to see how we can help you, too!
The Realty Medics. Engineering Property Management Peace of Mind. LEARN MORE WITH OUR VIDEOS FOLLOW US ON FACEBOOK If you want to experience Rocket Science Renting for yourself, The Realty Medics offers the lowest property management rates in Orlando. Contact us today to find out what your home will rent for by calling 321-947-7653 or filling out a FREE Rental Price Analysis. Ben Sencenbaugh is a former NASA engineer who heads The Realty Medics, Central Florida’s #1 residential property management company. A loyal Orlando resident since buying his first rental home in 1997, Ben brings rocket science to renting, applying advanced technology to make renting single-family homes a better, simpler and more successful experience for owners and tenants.