The Vacant Free

The Grass is Always Greener: How to Get Your Tenants to Take Care of Your Yard

Posted by Chelsea Glaser on Mar 21, 2019 11:32:00 AM

A green, manicured yard can be a huge draw in for tenants. It'll evoke daydreams of summer barbecues and frolicking puppies, of sitting in the garden with a good book, or picnicking with the kids on the lawn. The benefits of having a nice yard are easy to see, however it's important to set the expectation for prospective tenants that a yard is also a responsibility that requires maintenance.

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Topics: Property Management, Rental Property, Showings, Tenants, Property Managers, Investment Property, Landlord, Rental Income, Passive Income, Damage Deposit

Managing the Move Out Mess

Posted by Chelsea Glaser on Mar 16, 2019 6:09:33 PM
When you're on the way to your rental property for a final move out inspection, you're crossing your fingers that you're going to find a squeaky clean, move-in ready space. Maybe, just maybe, the carpets have been shampooed, the cupboards are crumb-free, the drains are hairball-free, and baseboards have been dusted.
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Topics: Property Management, Rental Property, Showings, Tenants, Vacancy, Property Managers, Landlord, Rental Income, Passive Income, Moving, Damage Deposit

Furry Family Members: Why You Should Allow Pet Tenants

Posted by Chelsea Glaser on Feb 25, 2019 3:04:34 PM

When it comes to allowing pets in your rental property, we often imagine the worst case scenarios. Our minds flash to Baxter the labradoodle chewing up the baseboards and Felix the tabby cat hacking up hairballs on the carpet. We imagine stains and lingering odors, rogue hairs and scratches on the hardwood. We can get creative imagining the list of potential damages, however the reality is, pets simply aren’t all that destructive. Statistics are showing that opening your doors to Baxter may actually be a pathway to increasing your rental revenue.

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Topics: Property Management, Rental Property, Tenants, Rental Income, Pet Rentals

"I'd Rather Fix Toilets." Why One Property Manager Despises Showing His Own Vacancies

Posted by Chelsea Glaser on Feb 13, 2019 9:35:29 AM

Whether you own 1 or 15 rental properties, showing your vacancies can be a time consuming and stressful job. There are typically going to be several showings before you and your tenant make a final decision to sign a lease together. For each one of those showings, you’ll need to coordinate timing, drive over to the property, give a tour, answer questions, drive home, follow up, and wait to hear back on next steps. For 80% of property managers, scheduling showings often means taking time off of work or taking time away from family on evenings and weekends.

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Topics: Property Management, Rental Property, Showings, Tenants, Landlord

So You Have a Vacancy. Now What?

Posted by Chelsea Glaser on Feb 13, 2019 9:34:28 AM
Whether your renters are downsizing, moving to a new city, or they’ve started a dog grooming business in the living room and you need them to go, having a vacancy is never ideal. There are inevitable bills to pay and payments to make, so the longer your investment property sits empty, it becomes a bigger drain on your resources. The single best way to manage a vacancy is to simply avoid having one.

The goal is to prepare for your upcoming vacancy by marketing it right away and getting a new tenant lined up to minimize transition costs. There are several popular marketing tools you can use to help you spread the word and get new tenants. Browse around some of these sites and see if they’d be a good fit for you to reach potential renters in your area:

Once you gain traction on your listing and you get some inquiries, suddenly there are a lot of logistics to manage. You'll need to review applications, run background checks, and coordinate showings of your space.

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Topics: Property Management, Vacancy, Rental Income

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