TENANTS

Finding good tenants starts with having a great property. If the property is in good condition, you may have an easier time attracting a more qualified tenant. Keeping your rental property in good shape can also help to set the standards for the condition in which a tenant is expected to leave the property post tenancy. Additionally, when you keep your property in good repair, it can signal to the tenant to respect the property as well. However, you should consider the neighborhood income level in the area of your rental property. If you over-improve your investment property with the idea of charging a higher rent, you might have a difficult time finding the right tenant. To help avoid long term vacancy, make sure your rental property meets the fair market standard for the location and what the property has to offer. Ultimately, keeping a tidy curbside view, tending to maintenance issues promptly, and replacing aged cosmetics and fixtures can be just as effective as making larger improvements.