Vacant Portsmouth rental properties can be tremendously expensive for a property investor. If a vacancy lasts for greater than a couple weeks, it could risk you a whole year’s worth of proceeds, or more taking as read you have mortgage fees to make for your property. To help you identify qualified residents to take up residence in your vacant rental properties, you can compress the period a resident takes from nosing out your property to signing a lease by working a good signage.
Owning good signage is one of the simplest ways to attract residents to rent from your property. Generally, when prospective residents see a “For Rent” sign, they will have an interest in learning more. If your “For Rent” sign is hard to find, difficult to read, or not aesthetically pleasing, then it could be a distractor from getting residents to sign a lease with you. The more you do to make the process of finding your property and learning more about it easy, the less time you will have to spend to fill your vacant Portsmouth rental properties.
Attract residents to rent by maintaining a professional “For Rent” sign. A professional “For Rent” sign should have a fresh, minimalist, and forceful design. Some owners try to get away with scrap plywood or cardboard signs that are propped against the mailbox with sloppy handwriting and their phone number scribbled somewhere on it. Another step above this would be to find a sign at a hardware store. However, these signs tend to not have much room to add information or attract residents to rent. On the other hand, a property management company will have professionally made signs with a credible name and targeted information that can help renters trust enough to reach out to find more information.
The major reason for having a sign is for people to stare at it without having to proceed out of their way to read it or not be able to find it at all. Inexperienced owners tend to put “For Rent” signs in the window or somewhere near the house. This can result in a longer period of vacant Portsmouth rental properties. However, the best way to help your sign to be the most visible to your prospective renters is to place the sign close to the street. Make sure to place the sign in an area that is open and clutter-free; away from any trees or plants so that it can stand on its own. Once you have your sign in a clean and open area, you could also put balloons or something else to make it stand out from the traditional yard signage. A combination of great signage and aesthetically pleasing curb appeal will go far in attracting residents to rent.
Include Important Details
The pivotal factor that facilitates an owner avoiding vacant Portsmouth rental properties is to help residents determine the main character of your property. This can include the number of bedrooms and bathrooms, total monthly rent, whether utilities are covered, and contact information—including a phone number and email address so that they can get a hold of you. If there is more room on the sign, you can also include information about the area, recent upgrades and improvements you made on the property, or anything else that might make the property stand out above the rest. If your sign does not have enough room, consider adding a flyer holder that can contain handouts that individuals can take and bring with them.
Signs can have a substantial effect on attracting residents to rent, help you gain an increased information about the property, and determine whether they are enthusiastic in notifying you or not. As you institute the method easier for residents with suitable signage of your rental property, your rental vacancy time will abate, and vacant Portsmouth rental properties will be an event of the past.
Discover the services that Real Property Management Seacoast New Hampshire has to help update your investment and avoid vacant Portsmouth rental properties. Contact us online or call us at 603-343-2202 today!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.