A property investor may find that vacant Woodstock rental properties can be extremely costly. If it would take a couple of weeks before the vacancy is filled, it could end up costing you a whole year’s worth of profit. And if you have to make mortgage payments for your property, it would cost even more. It takes time for a prospect to move from finding your property to signing a lease contract. And if you shorten that time, it will make it a lot easier for you to find qualified residents to move into your vacant rental properties. One tool for such a purpose is a good signage.
A good signage is one of the simplest things you can do to make your property attract residents to rent. Typically, when there is a “For Rent” sign that is visible, prospects will be interested to learn more. So, if your sign is difficult to find, illegible, or ugly, then it could push residents away from signing a lease with you. Instead, invest more in making things easy for people to find your property and learn more about it. This will lessen the time you will have to spend to fill your vacant Woodstock rental properties.
Attract residents to rent by designing your “For Rent” sign well. It should be clean, legible, and look professional. Some property owners would take scrap plywood or cardboard and make signs out of them— painting or writing on it with sloppy handwriting— thinking that the sign is good enough. A sign with a phone number scribbled somewhere on it doesn’t show care and won’t inspire confidence from the prospects. Then one step above this would be buying a sign at a hardware store. The problem with this is premade signs usually don’t have room for additional information. It will not attract residents to rent. On the other hand, a proper property management company will have the signs made professionally. It will have a credible name attached to it and it will have targeted information. This will help renters trust you enough to reach out to gather more information.
The purpose of a sign is for people to look at it and be able to find and read it without having to go out of their way. Inexperienced owners tend to put their signs in places that aren’t visible, like by a window or somewhere near the house. This may mean that they will have a longer time with vacant Woodstock rental properties. Experienced owners or professional property managers know to put the sign right where possible tenants can see it— close to the street. Not only must it be close to the street but also in an open area free from clutter. It should stand by itself and be away from trees or plants. Once you have your “For Rent” sign up in a visible area, you could also decorate it with something that will draw attention. You could tie balloons to it. Anything for it to stand out from the traditional yard sign. With a combination of both the good curb appeal and a great signage, you’re on your way to attracting residents to rent.
A major item that helps an owner avoid vacant Woodstock rental properties is to inform them of the important features of your property. This means writing down how many bedrooms and bathrooms there are, whether utilities are included with the monthly rent, the amount of the monthly rent, and finally, your contact information. They will need to know your number or email address so that they can reach you. If the sign isn’t too cluttered yet, include information about the vicinity. Also, write down if you had any recent improvements done on the property. Write down anything that makes the property better than all the rest. Now, if your sign is already too cluttered, you can place a flyer holder with handouts that people can take and read.
Although a sign might seem to be very simple, it does have a huge effect on attracting residents to rent, getting more details about the property, and ultimately deciding whether the property is right for them or not. So, by placing a good signage, you make the process easier for your prospects. Pretty soon you wouldn’t have to worry about vacant Woodstock rental properties.
Interested in knowing more about Real Property Management East Cobb? Explore your options as we help you improve your investment and avoid vacant Woodstock rental properties. Contact us online or call us at 770-622-5657 today!