When you own rental property and your tenant moves out, every day costs you money. In fact, the average vacancy can last two to three months without a strong marketing plan. That’s quite a bit out of your bottom line. Inexperienced property owners end up with more vacancy days than necessary because they lack the resources and knowledge to quickly rent out their property. We have a leasing process that shortens vacancy times.
Step 1 – Preparing the Home
First, we prepare the home for rental. This is referred to as getting the home rent-ready. It includes re-keying the property, setting up a lock box, cleaning the home and making recommendations for any repairs that need to be done to help your property rent faster.
Step 2 – Pricing the Property
We set a rent that’s based on the market. A professional evaluation is essential to help you decide on the best rental price on your property. You will get it rented quickly and profitably.
Step 3 – Advertising
Advertise the rental aggressively with a marketing strategy that includes dozens of the most visited rental websites. This will attract qualified renters.
Step 4 – Answer Inquiries
Respond to inquiries promptly. Yard signs with innovative information can allow interested tenants to call or text for more information 24 hours a day.
Step 5 – Schedule Showings
Showings are scheduled with a team of responsive, experienced leasing agents who are committed to finding reliable tenants.
Step 6 – Collect Applications
Take applications from potential tenants. You want to gather as many as you can so you’re sure you are getting the most qualified tenant possible.
Step 7 – Screening
Screen all applications thoroughly. Do a background check on everyone who is 18 years old or older and look at criminal history, credit, employment and income. You’ll also want to check out an applicant’s rental history. Well screened tenants are likely to stay longer, helping you to avoid constant turnover.
Step 8 – Select Tenant
Based on the screening process, select the most qualified applicant and approve that person’s application.
Step 9 – Lease Signing
Sign the lease with your tenant and explain the move in process. Clearly state expectations and take care of all the details.
Step 10 – Provide Customer Service
A good leasing process will save you time and headaches. Contact us at Real Property Management West San Fernando Valley and our team of experts will help you with shorter vacancies, more reliable tenants and a longer lease term.