When it's time to find new tenants, how can rental property owners find the best quality renters? To target your ideal renters, property owners must optimize their rental property marketing for different generations. Baby boomers and millennials make excellent tenants, but making sure they find your rental (and are happy living there) requires insights into what these generations look for and how to deliver it for them.
What do property owners need to know to attract boomers and millennials? Here's how Kitsap County property management companies can help.
Being a rental property owner is hard work! To call it a full-time job almost feels like an understatement. It can feel more like several full-time jobs rolled into one. You have to be a master of marketing, a human relations expert, a skilled handyman, and a finance genius—and do it all with a smile.
Few among us can legitimately claim to be experts in all these fields. Unfortunately, when investing in real estate, there are plenty of mistakes to be made!
Raising the rent can be tricky! It might feel like you're overcharging for your property or that a rate increase will run excellent renters away. However, the best property management Kitsap offers will tell you that not raising the rent (when necessary) can hurt your bottom line—but there's an appropriate way to do it without discouraging residents!
Much like professional maintenance staff, the ideal rental rate is essential to generating the income you need from your rental homes. However, the "ideal" rate might not stay the same year after year—and that's not a bad thing! With expert insights and the right tools, investors can adjust rental rates and maximize ROIs. Here's what Kitsap investors need to know about raising the rent the right way!
Continuously checking in on the performance of every property in your portfolio is a must. Whether you own a single rental property or an extensive portfolio, these check-ins can involve a variety of tasks, like performing mid-lease inspections or analyzing your current ROI. Another important analysis you should be performing frequently is a rental analysis. In fact, this type of analysis should take place before you sign the dotted line on the next addition to your rental property portfolio.
Keep reading to learn what a rental analysis is and how a Kitsap County Property management company can help.
When turning your home into a rental or buying an investment property, maintenance must be a critical element of your plan for long-term success. However, many real estate investors find it difficult to juggle full-time jobs while managing a property and fixing repair problems themselves or coordinating multiple contractors.
Hiring a Kitsap County property management company means investors benefit from professional maintenance staff, but what are those benefits? If you're pretty good at fixing things or you have a trusted handyman, that's a good thing. However, you could be missing out on better pricing, higher-quality repairs, and happier residents.
The most well-maintained rental properties in Mason County will attract the best quality renters—and generate more income for investors. Are those your properties? If you're not sure, it's time to learn more about keeping your rentals in excellent condition and everything that entails.
Quality renters look for homes that are in excellent condition and deliver excellent maintenance services. If you've relied on DIY fixes and low-cost service providers for repairs that exceed your skills, you could be selling your income short and driving good residents away.
When turning your former home into a rental or buying an investment property in Kitsap County, you'll face plenty of decisions throughout the management of the property. From handling maintenance to choosing renters and setting the ideal rental price, maximizing the income from a rental property requires making smart decisions and applying best practices for success.
Should you allow pets in your properties? Whether it's a destructive animal or the potential for a nuisance pet, we understand the concern when offering pet-friendly properties. However, many investors enjoy the benefits of pet-friendly properties and the boost to their bottom lines.
Undecided between buying and renting your home? Let your Kitsap County Property Management Company help you make the right decision.
For most people, a home is their biggest personal asset. Even if the home was purchased with the intention of occupying it, circumstances may arise that make it necessary to consider the option of renting or selling your home. There are good reasons to sell and good reasons to rent which makes the decision difficult. The wrong decision can potentially cost a homeowner a lot. This is why the input of a professional Kitsap County property management company before making a decision is important.
Aloha from beautiful Maui. I’m in Maui to attend the 2016 NARPM annual convention. NARPM stands for National Association of Residential Property Managers. It is a trade organization with chapters all over the country that are specifically designed to help us do our jobs better. Why should you only deal with NARPM members? There are several reasons.