Investment Property How To: Rent Your Portland Property Fast

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.

Investment Property How To Rent Portland Property FastThink 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.

Tags:

6 Responses to “Investment Property How To: Rent Your Portland Property Fast”

  1. Matt Fonk September 13, 2013 6:25 am
    #

    We agree with your suggestion to repair or replace any damaged areas of a rental property to get it rented out quickly. First impressions are critical to attract the best possible tenants. Making thorough inspections with a carpenter or contractor with you is also advisable when preparing the property. We discuss the matter further in the following blog:

    http://blog.yourrentalpeople.com/tampa-property-management-how-to-property-rental-market/

    Hope you get some useful information out of it.

    Matt

  2. Matt Fonk October 11, 2013 3:40 pm
    #

    There is definitely an art to getting a property rented out quickly. Like you said, make all the necessary repairs and upgrades to make the house look and feel good. At Cavalier we pre-qualify potential renters and then put them in touch with the current tenant to schedule a showing — this process proves more effective for us. We have a blog that you might want to check out for more information: http://blog.yourrentalpeople.com/tampa-investment-property-how-to-renting-your-property-quickly/

    Matt

  3. Deanna Hansen December 31, 2013 9:52 am
    #

    It’s certainly good advice to price your rental at what the market can bear, otherwise, as you mentioned, the property may be vacant for longer than necessary. Here at Aapex, to get a home rent ready, one of the things we advise is upgrading amenities that are a few years old and dated like kitchen counter tops and cabinets; first impressions are obviously very important. Please have a look at our blog for additional suggestions on the matter: http://blog.aapexpm.com/how-to-make-property-rent-faster/

    thanks
    Deanna

Trackbacks/Pingbacks

  1. How to be a Landlord in Portland: 5 Tips to Get your Home Rent Ready | Portland Property Management Blog from Mcneeley Real Estate - May 29, 2013

    […] we are talking about how to get your home rent ready. If your home is prepared for the rental market, you will find a good tenant quicker. Here are five tips for getting to that […]

  2. Are Move In Incentives a Good Idea for your Portland Rental Properties? | Portland Property Management Blog from Mcneeley Real Estate - June 25, 2013

    […] One rule to keep in mind is that if you price your rental home properly, you will probably not need to do any special incentives or offers. Tenants are always eager to rent a home that is a good value, and priced correctly. […]

  3. How to Look for Income Property Management in Portland | Portland Property Management Blog from Mcneeley Real Estate - July 10, 2013

    […] Location is extremely important when looking for income property. Make sure you talk to a real estate broker or a firm that does sales as well as property management, like we do here at Jim McNeeley Real Estate. You want to learn about the best location for the rental market, and you will also get an idea of how much rent you can expect in different areas. Buying an income property where the highest rents are found might be a good idea and you’ll also want to know what kind of appreciation you can expect. […]

""