If you’re like most people, you’re ready for the year to end, and the good news that 2021 is right around the corner.
Although most people are ready for the new year to start, for investors this time of year is always perfect for looking forward to the coming year, and mapping out goals that they hope to accomplish.
In this article, we will share with you several goals that you should have for your Central Valley rental property in 2021.
Goal #1 – Add More Value To Your Property
Part of being a landlord is not just renting your property to the next tenant, you should also be taking the time to focus on adding as much value to your rental property as possible. This can be done by making improvements and minor renovations to your property.
The improvements that you should consider making sure your rental property next year include renovating the kitchen, bathrooms and improving the curb appeal to your property
Thankfully, if you’re on a budget, you don’t have to spend a lot of money updating the kitchens and bathrooms in your rental property.
If you focus first on painting either room, refinishing the cabinets, adding new hardware to the cabinets, and possibly changing out the flooring, these improvements will add value to your property and help it look fresh for your next tenant.
Goal #2 – Refine Your Marketing
Let’s say that it’s been a while since you had pictures and videos of your rental property taken. If that’s the case, you should consider hiring a photographer to spend an hour shooting some professional pictures and video of your rental property.
Having high-quality pictures and video will pay off because they help a potential renter to see what the property really looks like and this is the first step towards a tenant booking a tour of the property.
Goal #3 – Hire A Property Manager
Last of all, but most important, if you’re currently managing your rental property yourself, the biggest goal that you should focus on accomplishing in early 2021 is hiring a property manager
At RPM Central Valley, we will save you the time, money, and hassle of having to manage your rental property yourself so you can focus on enjoying the passive income that comes from that property
To learn more about the property management services that we can offer you, contact us today by clicking here.