The season of love has come our way. So how do you ? Cash flow is easy when the properties that you offer make your prospective clients in Troy, Michigan fall in love with them.
Finding the ideal tenant for your rental unit is like dating, and a successful landlord knows that. Dating starts when a couple agrees to see each other. Then looks for things common in between them to further ignite the attraction they already have. The couple then regularly meets until they reach the point of professing their love to one another. If things go smoothly, they can even get married eventually.
Real Property Management in Troy, Michigan follows the identical way of searching for the perfect renter to dwell on your rental property. To start, we meet the applying renters and give them the first look of your home. After which, we gather comprehensive information about their criminal record along with their employment, credit, and rental history. This is the turning point of the relationship. If the tenant’s record and past histories are clean, then he/she is able to pass that stage. Once the tenant is clear, he/she must declare love to your property. Then, the proposal in the form of rental agreement is offered. The landlord and the tenant are married once both of them signed the lease agreement. From that moment, they build a new relationship.
However, what are the qualities that instantly make your prospective tenant fall in love with your property? These clever hacks will do the trick to make your tenant search easy as pie during the property purchasing phase:
The Like Checklist
- Single-family homes
- More than 3 bedrooms
- More than 2 bathrooms
- Fenced Yard
- Standard Layout
- Homes younger than 15 years old
The Dislike Checklist
- Smaller than 1000 Sq Ft
- Fence unavailable
- Crowded streets
- Odd layouts
- No master bathroom
- Homes aging 25 years and above
Other Helpful Relationship Builders
During the purchasing stage, remember some of the following effective strategies to effortlessly capture the hearts of prospective tenants:
- Geographic area. Seek for rental markets that offer more costly rents, fewer vacancy rates, and appreciating home values for your rental property.
- Amenities offered. The more amenities closer to your rental property, the more marketable your property is to tenants. Examples of these amenities are public transportation, schools, shopping areas, and other establishments that may increase interest of your prospective tenants.
- HOA’s services. HOA’s gives information regarding the time, hassles, and fees that need to be considered during the purchasing stage
Never forget these tips when you are in the purchasing phase. These guidelines will give your tenants a hassle-free experience while they declare their love for your property.