The only choice for Orange Park Property Management & Real Estate
You need a company you can trust to handle your property management. We have the experience to do just that. The Coffey Group offers full service management of both residential and commercial properties. We have a dedicated team of professionals ready to help you maximize your profits without sacrificing on service. We are a team of management professionals working to get your property rented! It is our belief that each property owner/landlord will have their individual needs and
requests in the management of their properties. It is our company policy to discuss these with you and mutually decide how we can best service your needs.
Landlords often ask us how to get more rental income on their properties. Today, we are sharing some tips that are easy to implement. When you take these steps, you’ll be able to get more rental income and find high quality tenants faster.
Curb appeal is a huge factor. Making minor landscaping adjustments like mulch, cleaning the flower beds, mowing, weeding, and trimming all the bushes will make your property stand out. Those kinds of things can have a huge impact on the curb appeal of your home. If someone drives by and everything looks overgrown, they won’t want to rent it. So, clean and mow the front yard and make sure everything looks good.
Make Sensible Improvements
Another thing to keep in mind is that you don’t want to over-renovate. For example, it’s better to use tile instead of hardwood on the floors. Tile is less expensive and not as easy to damage. Focus on kitchens and bathrooms when you make upgrades. Those are the areas that sell the homes. Update faucets and fixtures, and put in modern kitchen appliances. These things will get you a greater return on your investment.
Don’t Replace When You Can Repair
Repair items instead of replacing them. Clean your carpet before you rush to replace it. With a good carpet cleaner, you can make a dirty carpet look brand new. Try to do touch-up painting instead of painting the whole house. This can save you money. Using a dry eraser can even work on some rough spots.
Keep a Clean Home
Make sure the house is clean before you show it. You want the ceiling fans to be wiped down and the bathrooms to be sparkling. Be sure to wipe down the baseboards. Especially in a vacant home, those things will stand out when someone walks in and looks around.
Broaden Your Tenant Pool
Allow pets. A lot of tenants consider pets as part of the family. Use a pet fee and allow pets in your home because that gives you a greater market pool. Do what you can to keep tenants happy. Less turnover will help you get more rental income. Give gift cards at Christmas, and pay prompt attention to repairs and maintenance. Consider offering your rental to Section 8 or HUD tenants. That will also bring you a wider array of potential tenants.
Property Management Orange Park
Last and most important, let your property be managed by a professional Orange Park property management company. This will make a major difference in bringing in more rental income.
These are just a few suggestions on how to earn more rent. If you have any questions about this topic or anything pertaining to property management in Orange Park, FL, please contact us at Zenith Realty.
Today we are talking about the steps you need to take when you’re finding a good tenant for your Orange Park, FL rental property.
Rent Ready Condition
Start with the property itself. The rental home needs to be clean on the inside as well as the outside. You want to create inviting curb appeal that good tenants will find appealing. Take lots of pictures for your advertising. Many prospective tenants look for rental properties online, and they are going to look closely at your pictures when they’re deciding whether to go and see the home. You need plenty of photos otherwise tenants will pass over your listing.
Make sure the property is priced correctly. An overpriced property will sit vacant on the market for much longer than it should. Reliable, qualified tenants will have an idea of what the rental price in the area is, and they will not bother to see the overpriced properties.
When you’re talking to prospective tenants, ask them why they’re moving and when they plan to move. Ask if they have given notice at their current residence and ask for employment and income information. You will want to verify everything the tenant tells you once an application is filled out, but these questions will give you an idea about whether a tenant is qualified and respectful enough to give notice to the current landlord. It can provide a clue to what kind of tenants they are.
Additionally, your screening process should include looking at credit, past rental history and background. Do a criminal check and talk to current and previous landlords and employers. When you are screening tenants, make sure you’re using the same criteria for all applicants.
The bottom line to finding a good tenant is this: don’t make quick decisions. The more work you do now means there will be less work for you later.
If you need help finding a great tenant for your rental property, we can help you. Contact us at Zenith Realty Property Management in Orange Park, FL with any questions.