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 rent out their property quickly. 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 house, and making recommendations for any necessary repairs 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 determine the optimal rental price for 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 info 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 possible so you’re sure to get the most qualified tenant.
Step 7 – Screening
Screen all applications thoroughly. Conduct a background check on everyone 18 years old or older, reviewing their 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 attend to all the details.
Step 10 – Provide Customer Service
Provide your tenants with outstanding service and be readily available to answer any questions they may have.
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.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
