Getting your residential investment property leased is one of the trickiest parts of investment property ownership. While there are times during the year where longer vacancies rates are unavoidable, there are many things that property owners and Chicago property managers can do to get their unit filled faster. Good Chicago property managers will have strong relationships within the real estate community, utilize a wide variety of pictures, and make sure to recommend that any unit be rental ready to guarantee shorter leasing times.
Building Relationships: One thing that property owners and property management companies frequently forget to take advantage of; is the power of relationships. Building strong relationships with key leasing agents and realtors throughout the Chicago-Land area can guarantee shorter vacancy times. Having strong relationships with key leasing agents and realtors who advocate on behalf of your units gets your units filled faster and with better quality tenants.
Pictures: Using real estate website such as Zillow, Trulia, and even general website like Craigslist is a great way to get word of your unit out there. Don’t rely on a property address and description to get your unit filled fast, give prospective tenants as many pictures as possible to really get the full picture of what your property has to offer. Try and take pictures from many angles and of key aspects of the unit and your unit will be filled fast.
Maintenance: Make sure your units are in tip-top shape to woo in prospective tenants. If there are any little issues that need to be handled, the best bet is to get it handled before tenants view the unit. Tenants coming in like to try and imagine themselves living in the unit and if there are obvious maintenance issues, tenants may be concerned about living with the issue regardless of whether or not it would be taken care of before the tenant moves in. A good Chicago property management company can recommend small touches that can even enhance the value of the unit while the maintenance staff is there fixing any maintenance needs the unit may have.
If your Chicago property manager is not getting your unit filled as fast as they should or you are having trouble getting your units filled, contact us today. Our professional property management staff can help discuss all of your property management needs and can help ensure your units get filled fast.
