From Vacant to Rented: How Crestview Property Management Helps Fill Rentals Fast
In a dynamic real estate market like Crestview, it can be very attractive and profitable to have a rental home. However, if you’re not having any rent money come in then you’re losing money by the day. This article will explore how you should be viewing your vacancy rates and the strategy that we personally use at Kuntz Property Group to get our homes rented in less than 30 days.
The Challenge: High Vacancy Rates Hurt Landlords
Every day that your home is not rented is losing rent income revenue. Here’s the formula that we exp;lain to your property management clients:
Days on market x Rent-per-day rate = Total loss of rent income
Here’s an example that breaks it down further:
Rental Rate: $2000.00 divided by 30 days = $66.66 rent-per-day rate
7 Days on market x $66.66/Day = $466.62
This formula showcases that every day that your home is not rented, you are losing $66.66 and a rate of $466.62 per week! The longer your home is vacant, the more money you are losing each and every day. Not to mention, that vacancies are very expensive for a Crestview landlord. You have the cost of your mortgage, utilities, lawn care, maintenance, and other expenses that add up quick.
Our Proven Marketing Strategy for Crestview Rentals
Now that we’ve talked about the pain of having a vacant rental property, I’m going to share with you our marketing strategy that gets our homes rented quicker than the competition.
Professional photos of the property - This highlights the features of the home and helps it stand out from the rest.
Online syndication - The home gets featured on websites such as Zillow, Realtor.com, Trulia, Florida MLS, and many more!
Yard signage - We place a big ‘For Rent’ sign in the yard that ensures your neighbors and people driving by knows its for rent
Flexible showings - Prospective tenants are going to want to view the home in a way that's convenient for them. We offer in-person and virtual showing options to our prospective tenants that show interest in our rental homes.
Fast, Thorough Tenant Screening Without Cutting Corners
Screening tenants is one of the most important factors when getting a home leased. You have to look at their credit, income, rental history, and much more to make sure that they’re going to be a good fit for your home. However, it’s important to make applications convenient (Preferably done online) and process them quickly. Prospective tenants want answers fast and they expect a quick response time when it comes to their application and the next steps of the leasing process.
Click here to learn more about how we screen our prospective tenants.
Real Results: Case Study of our Quick Tenant Placement in Crestview
Although the majority of our property management clients see success and a home rented within 30 days, we want to highlight a story of one of our clients that we helped.
One of our clients, Gary, came to us from a previous management company as he was not happy with their service. We sat down with him regarding his home and did a thorough first look inspection as well. We came to him with a minor repair list and recommendations on what we think would make the home stand out, this list included little stuff such as lightbulbs and a simple pressure wash. We got the list knocked out and had our professional photographer take photos of the home, we then went over a pricing strategy with Gary going over rental comparables and a weekly price-drop. The combination of the pricing strategy with the great professional photos got the home rented in less than 30 days, which he has never seen before with his previous management company.
Here’s also a review that was left by him:
⭐️⭐️⭐️⭐️⭐️
“An owner portal is provided to keep you abreast. My Crestview property was rented in less than 30 Days by having great pictures, proper market pricing & advertisement! Thank you Kuntz Property Group & may you continue to keep Customer Service a driven priority!”
We are so confident that we’ll rent your home that we put our money where our mouth is when it comes to getting it rented quickly. We don't only deliver results but also offer a guarantee of a rented home or you get a free month of management.
Click here to see all of our exclusive client guarantees.
Conclusion
Your home sitting vacant can cause a lot of stress and headache especially on the financial side of things. Getting your home rented can be complicated but as long as you get price it right, get good photos, and make it convenient to show and apply then you’ll have a much easier time in your leasing experience.
When you hire us as your Crestview property manager, we give you recommendations on what can improve your home rental rate and chance of getting it rented. We even provide you with a pricing strategy and handle every aspect of listing the home for rent and getting a renter placed! Hiring Kuntz Property Group to handle your leasing process is a wise choice for landlords looking to achieve a higher rental rate and reduce vacancy. Reach out to us for a free consultation or to receive a custom rental analysis!
