Vacant Raleigh rental properties could be very expensive for a property investor. If a vacancy lasts for more than a couple weeks, it can cost you a whole year’s worth of profit or more, assuming you pay the mortgage for your property. To help you find qualified tenants for your vacant rental properties, you can shorten the time frame a resident takes from discovering your property to signing a lease by making use of good signage.
Having good signage is one of the easiest means to attract residents to rent your property. Typically, when prospective renters see a “For Rent” sign, they gain interest in learning more. If your “For Rent” sign is tough to find, difficult to read, or not aesthetically pleasing, then it could be a distractor from having residents sign a lease with you. The more you do to make the process of finding your property and knowing more about it easy, the less time you would have to spend to fill your vacant Raleigh rental properties.
Professional Signs
Attract residents to rent by getting a professional “For Rent” sign. A professional “For Rent” sign must have a neat, minimalist, and credible design. Some owners try to get away with scrap plywood or cardboard signs propped against the mailbox with poor handwriting and their phone number scribbled somewhere on it. Another step above this would be to get a sign at a hardware store, though these signs tend to have little room to add information or attract residents to rent. On the other hand, a property management company will offer professionally made signs with a credible name and targeted information that can help renters trust enough to reach out to gather more information.
Proper Visibility
The main purpose of putting up a sign is for people to view it without having to go out of their way to read it or not be able to see it at all. Inexperienced owners have a tendency to put “For Rent” signs on the window or a spot near the house. This can bring about a longer period of vacant Raleigh rental properties. However, the top way to help your sign to be the most visible to your potential renters is to position the sign close to the street. Make certain to place the sign in an area that is open and clutter-free, far from any trees or plants so that it can stand on its own. Once you have your sign in a clean and open space, you could also add balloons or something else to make it stand out from the traditional yard signage. A combination of great signage and aesthetically pleasing curb appeal can go far in attracting residents to rent.
Include Important Details
The key thing that helps an owner avoid vacant Raleigh rental properties is to help residents find the main property features. 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 communicate with you. If there is extra room on the sign, you can also add information about the area, recent upgrades and improvements you made on the property or anything else that can make the property stand out above the rest. If your sign does not have ample room, consider setting up a flyer holder that can contain handouts that individuals can grab and bring with them.
As simple as a sign might seem, it can have a great effect on attracting residents to rent, getting more information about the property, and deciding whether they are interested in contacting you or not. As you simplify the process for residents with proper signage for your rental property, your rental vacancy time will decrease, and vacant Raleigh rental properties will be a thing of the past.
Interested in learning more? Discover the options that Real Property Management Raleigh offers to help improve your investment and avoid vacant Raleigh rental properties. Contact us online or call us at 919-481-0008 to schedule a free assessment of your rental property.
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