When you put your rental home on the market, you want to make sure you are able to rent it to a good tenant quickly. There are a few steps you can take to ensure you will rent your Portland property fast.
First, make sure you price it correctly. You don’t want the rental price to be too high, or it will sit vacant for way too long and you will lose money by not having it rented. If you price your property too low, you are leaving money on the table. Getting it rented quickly really depends on finding the right price point. The amount you charge for rent should be according to the market the home is currently in.
Think about curb appeal. When someone drives up to the house, the very first thing they see is the front of the house and the front yard. Take care of the lawn and make sure the grounds are manicured and the trees and bushes are trimmed. Check out the house itself from the perspective of a renter. If the paint is fading, have it repainted. Repair or replace any damaged screens or other problems that are taking away from the way the house looks.
Inside, make all the necessary repairs and upgrades to make the house look and feel good. If you want to rent the place quickly, it has to be ready for move in as soon as you find the right tenant. Take a look at the carpet and make sure it is clean. If the carpet is worn or damaged, replace it. Check out the walls and decide whether they need new paint. Make sure everything is in working order and that the house looks presentable.
Finally, hire the right property manager. This will make a big difference in how quickly you are able to rent your property. Decide what kind of property manager will work best for you. A good one will work seven days a week and be available at any time you need help. If your property manager can only be reached during business hours, Monday through Friday, you are going to have a hard time getting your property rented out quickly. It is critical to have the right property manager taking care of your property.
If you have any questions about getting your home ready to rent or need additional advice on getting it rented out quickly, please contact us at Jim McNeeley Real Estate.