Getting a tenant in to a rental property can be one of the most time consuming and costly parts of owning an investment property. Each day the unit sits vacant, bills still have to be paid and no income is coming in. Shortening this time-frame as much as possible is one of the biggest advantages to leasing with a property management company. Add in the time and cost savings, it just makes sense to use a property management company to get your unit filled fast.
When it comes to a vacant rental property, every day matters. Once a tenant moves out, getting the unit inspected, cleaned, and rental ready are important steps. Not completing these steps to save time may sound like an easy way to save time and money, but having potential tenants view a unit before it is ready can turn them off from the unit and ultimately cost more in time than it would have cost to get the unit ready to rent and then leased.
At Letts Property Management, we have a full construction staff that can go in as soon as the tenant moves out and get the unit back up and ready to be leased. No other property management company in Chicago takes getting investment properties back up and running as seriously as Letts. We provide full detailed estimates for necessary repairs as well as recommended repairs so that the unit can both be back ready to rent, but also improved gradually over time in order to continue demanding higher rents for our units.
Once the unit is ready to rent, the Letts Property Management leasing team goes in to action. The unit is listed on Zillow, the realtors MLS, the Letts Property Management website and many other websites. On top of the online presence, we send out weekly leasing lists to hand selected agents who make our units their first priority. Handling leasing inquires and getting the unit shown are all handled through our leasing coordinator and a major time saver over trying to get any unit rented yourself.
Once a prospective tenant decides they want to apply for your unit, we have the prospective tenant fill out a full application that includes a credit and criminal background check. This ensures that only the best tenants are picked for your unit. For more information on how the Letts Property Management team can get your unit filled fast, contact us today.
