When you own rental property and your tenant moves out, every day costs you money. In fact, the average vacancy rate can be two to three months without a strong marketing plan. That’s a lot out of your bottom line. Inexperienced property owners end up with more vacancy days than necessary because they lack the resources and knowledge to quickly rent their property.
As the nationwide leader in leasing, Real Property Management has developed a leasing process that shortens vacancies by finding reliable tenants more quickly. This is our 10 step process.
Prepare the Home
First, we work with the owner to prepare the home for the rental market. This is also referred to getting the home rent ready. It includes professional rekeying, lockbox installation, and guidance on repairs or improvements that may be needed to rent your property faster.
Next, we set the rental price. We find the best rate that’s appropriate for the market and the property. A professional evaluation with local experts is essential to help you settle on the best price for your property. This will assist you in getting it rented as quickly and profitably as possible.
We advertise the rental home aggressively, with a proprietary marketing strategy that includes free advertising across dozens of the most visited rental sites, including our own sites. This attracts more qualified applicants.
We answer inquiries from prospective tenants promptly, utilizing information-enabled yard signs to allow applicants to call or text for more information 24/7.
We schedule showings with a team of responsive, experienced leasing agents who are committed to finding you reliable tenants.
We collect applications from as many potential tenants as possible so you’re sure to place the best quality tenant.
We conduct thorough and expedited background checks on every potential tenant over 18 years old. This includes criminal, credit, employment, and rental history. This is important, as well-screened tenants are likely to stay longer and help you avoid costly turnovers.
We work with you to select the best possible applicants based on the screening process.
We manage lease signing and move-in, setting clear expectations and sharing the details of the lease with your new tenants.
With weekly leasing updates and information on your online portal, we provide first class customer service during the leasing process.
In the end, a tested, efficient leasing process protects your cash flow and saves you time and headaches. You can count on Real Property Management for shorter vacancies, more reliable tenants, longer lease terms, and your own team of experts to support you every step of the way.