Next 5 Suggestions!
Know your customer! Treat your renters like investors. They are paying for your property. They are your customers. I have seen many investors treat there tenants with a raised eyebrow. They are doing you a favor by paying your mortgage.
Your customer doesnt need your rental! They don’t have to rent your property. Atlanta has thousands of properties for rent they can easily move into another unit sometimes for free without any deposit or first months rent. The competition is stiff. I know my customer do you know yours? 20-30 something, single student from outside of Atlanta. How specific can you get?
The property needs to sell itself ! If you live in an area of town that has families, you will probably not do well if you own a 2/1. You can’t force people to rent. It is an emotional decision much like buying a house. Ask the prospect can you see yourself living here? If not why not?
Improvements for resell value! All of the upgrades need to fit the location. If you install corian countertops because it is a rental and most of the homes for sale have granite countertops you will have to replace them when it's time to sell. Don’t spend money refinishing hardwood floors in an area where he clientele wants carpet. Yes some people prefer carpet.
Pick up the phone! If you have posted your rental you need to be on phone watch 24 hours a day. I repeat please do not let that prospect roll to voicemail. Remember you are one of many they may be calling in day. Pick up the phone, setup an appointment and show the property
I love your blog! It's very informative! I'll be visiting often.
Posted by: Sophie | January 24, 2008 at 08:29 PM