Do you have one or more Portland Oregon Rental properties that are vacant? If so, you’re not alone!
Over time, many owners will find themselves in the position of having at least one of their rental properties sitting vacant for longer than they expected.
The good news is that there are solutions for this problem that you can use to get your properties rented again ASAP.
Tip #1 – Find Out If You’re Asking Too Much for Your Rental
In today’s world, it’s not uncommon for a renter to know in five seconds if a rental is overpriced or not because they can look up other rentals nearby so you should do the same.
As an owner, you should check out comparable units in your town to verify that what you’re asking for the rent (sticker shock) isn’t scaring away potential tenants.
This move makes the most sense because if you lower the rent by a little bit you could have that property rented quickly compared to letting it sit vacant for another 30 days or longer.
Tip #2 – Improve Your Rental Property Advertisement
One mistake that most owners make is using old pictures and advertising copy from years ago. Don’t let this happen to you!
Instead of thinking like an owner, think like a renter and ask yourself these questions:
- Is my headline enticing?
- Are the photos appealing?
- Does my ad address basic questions about the unit’s amenities, location, and availability?
- Is my contact information easy to find?
- Did I post the listing posted on all of the major sites?
Tip #3 – Bring Your Rental Up to Date
Does the interior of your rental scream 1990’s? If so, it’s time to overhaul your rental property and bring it into the 21st century.
To do this you don’t have to spend a lot of money, try painting the inside of your rental first them adding some new cabinet hardware and light fixtures to give the place a look that your potential tenants will love.
Tip #4 – Consider Allowing Pets at Your Rental
We know what you’re thinking, yes you don’t allow pets and never have but, maybe you should consider allowing pets.
Why? Most pet owners are very responsible renters who treat their rentals with care because they know how hard it can be to find a pet-friendly rental property.
The upside of allowing pets is that you could also ask for a pet deposit and monthly pet rent as well.
Tip #5 – Hire A Property Management Company
As property managers, we’re specifically trained to spot what’s working and what’s not working with a rental property so you don’t have to.
Let us save you the time, money and hassle of fixing your rental property yourself. Click here to contact us and let Property Management Systems help you get your rental property rented today.
Contact Property Management Systems
To get your Portland Rental Property rented FAST contact us today by calling (503) 515-3170 or click here to connect with us online.