Tuesday, January 18, 2011

One of the most important things about having rental property is knowing the best way to show the property to prospective tenants. Showing the property to a potential tenant is similar to showing the property as if you were selling it. The more quickly that you can find the right tenant, the more quickly you can begin to collect rent income. So, knowing how to show the property is important.

Just like selling a house, curb appeal is important for a rental property. If the exterior of the property looks run-down in general, tenants may not see it as a suitable place to live. Small improvements can make a big difference. Be sure things like trash cans or recycling bins are stored properly in a neat area. Touch up any peeling paint, fix damaged siding, and make sure there aren’t too many extraneous items littering the yard (such as toys, chairs, etc.).

If any renovations are being done, it is usually best to wait until the work is completed before showing the place. Having the final touches completed will make the unit look much better.

Never show a property that hasn’t been properly cleaned. Nothing makes a worse first impression than a dirty living space. Carpets and windows are especially noticeable. Always have the carpets professionally cleaned between tenants. Also, if the carpet is very worn, consider replacing it with new carpet or other flooring. This type of improvement can make a substantial difference in the level of quality of the tenants you attract.

Spend some time making a list of the most attractive features of the property and be prepared to highlight those to the potential tenant at the time of showing.

Close to the time of the showing, be certain that the heat is on (during cold weather) or air conditioning is on (hot weather). Having any potential tenants be comfortable within the unit while considering living there is important.

Always have the lights on when you arrive to the property to meet a prospective tenant at night. The place will look more inviting, safer and more like a living space even if it is completely vacant. Don’t worry about the electric bill for this short time, attracting better tenants is well worth the few bucks it may cost to run the lights.

Be sure to highlight the exterior features of the unit as well. If there is a small yard where tenants can grill out or their kids can play, be sure to show that off. You want any potential tenants to see the property as a place they can live for a while, enjoying both the interior and exterior space.

Always be properly prepared for the showing. Arrive armed with rental applications, utility information, a copy of the lease you would expect tenants to sign, information regarding security deposits, pet policies or any other information that a tenant may inquire about. Putting off this information is a turn off for may quality tenants. For assistance, contact a Michigan property management company.

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