By RPM Central Valley
If you own one or more multi-family rental properties it can be stressful when you have vacant units but thankfully filling up those vacant units fast is easier than you imagined if you follow these simple tips.
Double Check Your Rent
This step is vital when renting multi-family rental properties because you want to make sure that you’re not renting your units for more than another unit in a comparable building in your city.
To double check the rent you should research other rentals online and visit them in person then determine if you should lower your rent a little to make your rental property more attractive to renters.
Consider Allowing Pets
Although you may not like allowing pets at your rental properties this is something that you should consider since not allowing pets means you are ruling out potentially a large segment of renters who are also responsible with their pets.
Ask Your Residents for Referrals
In the world of property management, one “rule” that we follow is good people often know good people.
This means, if you have tenants who have been responsible and are paying their rents on time it’s possible that they know similar people who would be interested in renting as well.
When your tenant refers someone to you it’s also a good idea to give your tenants something in return like a small rent credit so they will want to refer more people to you in the future.
Bring Your Vacant Unit Up to Date
When was the last time you updated your rental property? If it’s been a while you should start updating it now especially since tenants who think a rental property looks old may wonder what’s wrong with that rental and they may want to look elsewhere.
For more tips, you can use to fill vacancies fast, or to speak with us about property management for your rental property, contact RPM Central Valley today by calling us at (209) 572-2222 or click here to connect with us online.