Maybe you’re a new rental property owner, or you have been renting your home out for a while and you know you have a vacancy coming up. It’s important to make the most of your opportunity, so today we are sharing four quick tips that will help you be a successful landlord.
First, you have to get certified. If you’re in the City of Grand Rapids or Kalamazoo or some of the outlying municipalities, there is a rental registration process that you’re required to follow. Call and get certified so you’re on the list and lawfully operating a rental property.
Rent Ready Properties
Don’t show your property until it is rent ready. You might have a vision for what the final product will look like, but that vision may not translate to someone who is coming through to see the property for the first time. So make sure it’s ready to go before that first prospective tenant walks through the door.
Professional Carpet Cleaning
Get the carpets cleaned professionally. This is an inexpensive thing to do, and it goes a long way towards keeping your tenants satisfied. Complete the work, collect the receipt or invoice and then provide that paperwork to the tenants so they can see that you’re doing things right. This will make them feel like they have a good landlord who will take care of their needs.
Check Comparable Rentals
Check rent comps before you list your home. The market now is a lot different than it was a year ago, and it’s even different than it was six months ago. Things change quickly in the rental market, so make sure you’re priced right. This is a quick and easy way to give yourself a raise.
If you have any questions about these tips, or you’d like to learn more, please contact us at Access Property Management Group.