Property Management Residential

Let’s take another look at Golden Rule Real Estate Team’s

Keys to Rental Success

The following tips will help you with property management residential and you’ll keep your tenants longer. Happy, long-term tenants mean fewer turnover costs, fewer vacancy costs. These trade secrets are also easy, fairly inexpensive ways to

get your property NOTICED!

1.  Make your units the nicest in the area so those who live nearby want to live there and stay longer! 
2. When installing new floors, opt for tile or vinyl. It lasts longer and is easier to clean.
3.  Paint walls one color. Then paint trim, window frames, and doors another coordinating color for a classy look.
4. Replace old blinds. New blinds cost less than cleaning old ones. They brighten appearance and give a feeling of added security to a prospective tenant.
5. Use six panel wood doors instead of flat doors. With our connections they only cost $2.00 more per door. These doors look nicer, are less likely to be damaged, and last longer.
6. Paint the front door.
7. Paint the exterior when needed.
8. Paint or power wash any fencing.
9. Stripe the parking lot. A fresh parking lot says “classy apartment home”.

Tenant proof your units:

1. Always use the same color paint and sheen so you can paint one wall instead of an entire unit when preparing for new tenants.
2. Tile and vinyl last longer than carpet and don’t stain. Use tile or vinyl whenever possible.
3. Replace glass with plexiglass where practical to minimize future breakage, saving replacement costs and time.
4. Paint kitchen cabinets a dark brown satin exterior paint. This hides dirt/grease, is easy to clean, and repels water and moisture so cabinets last longer.

Don’t be the most expensive rental in the area! Vacancy is more expensive than the higher rents you might achieve. Residents will move to a lower-priced place when they find one, increasing your turnover and vacancy costs.

“Vacancy is more expensive than the higher rents you might achieve…”

Let Golden Rule Real Estate Team use our keys to rental property management residential success for you. And Don’t forget,

WE MANAGE HOAs TOO!

For questions and more information, contact us online or give us a call at 256-881-4522.