By Golden West Management
LAS VEGAS, NV. – Do you have one or more vacancies at your Las Vegas Rental Property? If so, there’s no doubt that vacancies can be a HUGE headache but the good news is that you can get those units filled by following these simple tips.
Tip #1 – Check Your Ads
Are you still running the same ads online for your rentals that you were years ago? Do you have professional photos? Are there spelling and grammatical errors? Take the time to view your rental through the eyes of prospective tenants and write a new ad that will catch the eyes of renters.
Besides writing new ads to market your rentals, you should also include a video walkthrough or aerial photo of your rental property.
Always double check your rent before listing a new rental. Being overpriced potentially equals vacancy. If you are asking for more rent than other rentals your inquiries and applications will be drastically reduced.
Take a good look at the surrounding “like” properties and conservatively price your home based on what is being rented in your vicinity.
It’s always the landlord who “needs” to cover their mortgage or “feels” that the upgrades they put in make the home worth “way more” end up overpricing and having their rental sit for too long.
Tip #3 – Make Sure Your Las Vegas Rental Shows Well
You might think your rental looks “retro” but prospective renters will just think your rental looks old especially if it’s in dire need of major updates.
You don’t have to add “granite counters” and “stainless steel appliances” just to procure quality Tenants, but the upgrades do help to not just raise the rental rate, but attract more applicants.
But most importantly, people want nice and clean…so have you had the home professionally cleaned? What about the carpet and tile? Is the landscape browning or overgrown?
Curb appeal matters and if you are getting lots of calls, but after showings people aren’t putting in applications, take a hard look at the property itself.
Tip #4 – Consider Changing policies that exclude the prospective renter pool
Don’t allow pets at your Las Vegas Rental Property? Trying to rent the home furnished? Not including the detached garage so you can use it as storage?
These are all examples of policies or rental decisions made by a landlord that can reduce the number of prospective renters looking for your home.
For example, a 2016 study by Zillow stated that over 35% of prospective renters have pets…so if you say no pets, there goes a third of your eligible prospects.
Want the home to be furnished? A similar study showed only 15% of prospects searching for a fully or partially furnished rental.
Tip #5 – Ask Your Tenants for Referrals
In the world of property management, most landlords know that good people, generally know good people, so if you have one or more tenants who are responsible and pay their rent on time each month you shouldn’t hesitate to ask them if they know anyone who is looking for a rental property.
If your tenants do refer people to you it’s also a good idea to offer them a small rent credit to make it worth their time so they will consider referring people to you in the future.
Get Property Management Here
For professional Las Vegas, Property Management contact GoldenWest Management today by calling us at (702) 685-7696 or click here to connect with us online.