Yarmmys Vargas is back to talk with us about how to put your house up for rent and what you can do to ensure it gets rented faster to a great tenant.
Things to Know About Renting Your House: Marketing
We always try to rent a property within 30 days. That’s our guarantee, because the longer it sits on the market, the more questions tenants will have about why. If there’s no activity, we check the marketing pictures to make sure it’s showing at its best. When we’re taking marketing photos, we love morning and afternoon sunlight. You want as much natural light as possible. We like to set up marketing pictures to flow, so you know what you’re looking at as if you’re entering the home. It gives tenants the opportunity to see how it would be to truly live in the space. Include photos of the living room, the kitchen, and the master bedroom closet.
Things to Know About Renting Your House: Showings
Availability is also important when you want to rent your property fast. Make sure the prospective tenants have ample opportunity to see the property. If it’s tenant-occupied, that can be difficult because you’re working around your tenant’s schedule. You want to be respectful of their time and privacy. When the property is vacant, you want to be sure the listing has updated information so prospective tenants can make an appointment to see it and get information about the lockbox.
Things to Know About Renting Your House: Pricing
Sometimes, the price is too high. We always do a market analysis, but owners get to dictate what they want to rent it for. They might want the extra $100 or $200 a month, and we’ll do that, but it might take longer to rent. After about two weeks, we’ll know how many people have called, viewed the property, and even how many clicks there were on the website. If there’s no action, we know it has to be because of the price. Our goal is to find a qualified tenant quickly, and sometimes a price reduction will help.