Where To Get Free Furniture For My Kids In Phoenix Protect Your Investment: Real Estate Investing Secrets For A Zero Vacancy Factor

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Protect Your Investment: Real Estate Investing Secrets For A Zero Vacancy Factor

I hatred empty leases – as a landlord, as a neighbor and as a citizen. As a landlord, yes, I waste a lot of money and time, not to mention the additional hassle.

And regardless, empty rentals bring other worries and headaches: vandalism, neighborhood kids, landscape maintenance…

What most property owners don’t know or understand is the concept of marketing their rentals. I try to be flexible and treat my tenants as partners because they are. If you don’t have tenants, you’re left with empty houses and expensive real estate investments.

If a property is empty for only 1 month, the profit for the whole year from that property is affected. If she is free longer, you can calculate it.

Here are some investment secrets and strategies I use to rent units faster.

Provide the first months rent free. If the unit is vacant, many times your tenant will be ready to move in sometime during the monthly cycle, not necessarily at the beginning of the month.

So give them the rest of the month free as an incentive. You’d still lose the rest of the month if the tenant didn’t move, but now you have the place leased and the certainty that (and since I only do 1 year leases) you have them for the whole year – because their full paid year doesn’t start until the first month they pay rent .

Reward your tenants. Yeah, we all fall for this tactic. If my tenants keep the unit in great shape, maintain the landscaping, pay on time… sometimes I’ll pay their water bill or give them a gift certificate for a free dinner or pizza.

It is a multi-unit, I tell other tenants about the reward to motivate other tenants.

Stage the place. No matter what neighborhood, I always organize my rentals. Many people do not have the vision to see how the place will look with the furniture. Most people are driven by emotion, and if they like what they see, they go with it.

We help them with the deposit and rent money. Again, it’s about being flexible, but of course you have to be careful. I meet with them first, check their background, credit and other factors and sometimes cut them off if I feel they need it. There are people who are trying hard to get back on track. And others who are not. So you have to decide who needs extra help and who won’t work.

Provide an upgrade. Since I know my rentals, I know the things that are up for upgrade or replacement. Sometimes I take care of one of them. Tenants love it and it keeps the value of my properties up. Another win/win.

And finallymarketing, marketing and more marketing. Investing in real estate is no different than any other business. You have to keep marketing and keep your leads. Show your marketing to as many people as possible.

Send postcards around, even to other rental properties. Give them reasons to rent from me instead of where they are. Give them the benefits of living with me. I take pictures of my rentals and send them to my prospects so they can see the beautiful places I have.

You must take care of your tenant’s interest first before owning. I’ve learned that the problems in life start when we take care of ourselves before others. When you help other people and look after their interest first, it will automatically look after your own interests.

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