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Property Management Blog

Minimize Vacancies

System - Wednesday, August 13, 2014

When renting out a property, the highest expense for the owner is vacancy. Efficiently marketing your property and approving qualified tenants is the only route to effectively avoid this unnecessary expense. The less time the property sits empty, the more rent money we can collect. We are not looking for just any tenant, however. Our rigorous screening process also helps in locating quality tenants that will not only rent your property but will also take care of it.

How long will it take to find a tenant?

There is no way to give a definitive marketing time as there are many variables that come in to play. What condition is the home? What season did it hit the market? Is the rent priced correctly? All of these elements will directly affect the length of your market time. Although we cannot always help what time of year our services are needed, we do have complete control of the condition of the property as well as marketing at the correct price. We work with our owners to get the home in the best shape possible. We can walk the property with you and provide a list of recommended repairs. As for the marketing price, our agent support staff is always on had to ensure the most competitive price. The Ron Sawyer Team Property Management has an average market time of less than 3 weeks.

Competitive Rent Pricing.

In property management, the perfect scenario is when your rent received is equal to or greater than the mortgage for the home. Unfortunately this is not always the case. Many times owners do find that to rent their home they will have to continue to pay even a small amount of their mortgage on their own. This makes it that much more important that the home is rented as quickly as possible. Having professional guidance via our licensed agent support staff makes all the difference. We will price it right the first time while earn you the highest rental amount possible.

Property Condition.

It has been reported that the average renter attends showings for 3-5 homes prior to submitting an application. This makes the property condition one of, if not the most important factor for marketing your property. The more your property stands out from the rest, the better your chances are that it will be selected above the others. A well maintained home also has the potential to bring in more applications. This allows us to accept the “best application” instead of just the “first application”. Remember that there is a lot of competition in the rental market due to so many homes having seen foreclosures over the past few years. We understand that not everyone has the resources to return the home to a perfect condition. We take the property condition into consideration when setting the rental price. After all, it is better to price competitively and rent quick rather than suffer vacancy from pricing too high. The Ron Sawyer Team Rentals has the network to help you find the right contractors, and the agent support to price right the first time, every time.

Today’s Marketing

There was a time that all you needed to do in order to successfully market a rental was to throw a sign in the yard and a classified ad in the paper. Todays’ generations of renters are on the cutting edge of technology. In order to stay in front of them and give your home the visibility it deserves we have to stay up to speed on all the current trends. We are able to accomplish this utilizing industry leading marketing systems. Your rental will be advertised on every major listing syndication available including free resources such as craigslist. The more robust and comprehensive the marketing for the property, the better results it will yield. We have a proven track record of short marketing times and low vacancies. We credit our accolades with the tools that we use, to help owners like you.

The Ideal Tenant

It is very important to find a tenant quickly to reduce vacancy. That being said, it is far more important that you get a quality tenant. Making a poor choice on tenants can end up costing you several months of rent as we wait out the eviction process not to mention the cost of the evictions themselves or the potential damage your home can incur in the process. For this reason, we employ a very rigorous application process to help avoid such situations. Our marketing allows for more applications to be received so that we may select the best of the bunch for your home.

517 Baylor Ct
Chesapeake, VA 23320
Phone: 757-447-4881
Fax: 757-276-5298

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