A few ways to keep vacancies away…

A few ways to keep vacancies away…

A few ways to keep vacancies away…

I stumbled across a pretty good Trulia article today- 4 tips to Keep the Vacancies Away.  It can be found here:  http://pro.truliablog.com/rentals/4-tips-to-keep-the-vacancies-away/

The four things they list as being helpful in reducing vacancy time (paraphrased here) are:

1)  Featuring more than 3 photos in ads

2)  Including videos in ads

3)  Renting listings before they’re vacant

4)  Promoting listings to a number of websites

I’d say that I agree with their suggestions for the most part, save the part where they discuss having your current tenant present for showings.  As I’ve discussed in a previous post, some good can come from tenants being present for showings- but the chance of  tenants saying anything bad (whether true or untrue) trumps the good that could come from it.

A few other things come to mind that are helpful in getting properties rented more quickly than not, and I’ll touch on them briefly:

1)  Get your properties in rent-ready condition as soon as possible.  Think “Rent-ready means show-ready”.  While you can do your best in explaining touch-up paint that will be done, carpet that may be removed and tile installed, and appliances that might be replaced, you’ll often lose your prospects to that great-looking place down the street that’s already got things done.

2)  Do your best to have owners turn properties over to you in rent-ready condition.  A prospect doesn’t like looking at properties they’d consider “projects”- and unless you have a plan in place to charge for extra services, you shouldn’t take on an owner’s property that will be a project for you.

3)  Know your properties, and do your best to overcome prospects’ objections before they raise them.  Know whether the property is serviced by city water or well water, know whether the property has a septic tank or is on sewer.  Your prospects will appreciate your “product knowledge”- and even if they don’t rent a property they’re presently viewing, you’ll be one whose listings they return to as their search continues.

Vacancy is a killer, so it’s those who do the best vacancy-killing are the most successful in our business.

A few ways to keep vacancies away…

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About Dennis Burgess

Dennis B. Burgess Property Manager Licensed Florida Realtor Dennis B. Burgess Licensed Florida Realtor/Property Manager 2016 ORRA Governmental Affairs Committee Chairman 2016 ORRA Property Management Council Chairman The Real Estate Firm of Orlando 7600 Dr. Phillips Blvd., Ste #146 Orlando, FL 32819 Cell: 205-445-4755 Office: 407-581-5550 Fax: 407-581-5551 dburgess@reforlando.com www.reforlando.com Twitter: @orlrentals Turning vacant into occupied, and "houses" into "homes"
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