All of this takes lots of time. And the whole idea of having rental properties is to make a good return on your investment, and it makes sense to spend as little time as possible and to get your property set on autopilot or cruise control, where the check just comes in the mail once a month and everything is pretty simple. One mistake that many property managers make is they show each property individually to each potential renter-or-tenant. This is the mistake says Greg Perry, author of "Managing Rental Properties for Maximum Profit."
He recommends showing the property to 20 people at a time and having them all converge on the property for a meeting. Whereas, you may not have 20 people that are interested, maybe you have 10 and in that case you should be showing the property to 10 people at a time, not 10 different times to 10 different people.
This also provides a little bit of competition, and a chance to take deposits from a number of people, and get people to fill out the forms so you can run their credit checks, whereas, they might not be so interested in the giving lots of personal information normally, the competition aspect changes everything. You see, unless they knew there was a chance that they would not be able to rent the property and there were not a lot of other people interested in renting that location, they would be quite slow to move through the process. Please consider all this.
Lance_Winslow
0 comments:
Post a Comment