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Get a FREE assessment of your rental property. Start here!

Get a FREE assessment of your rental property. Start here!

Understanding the Rent Cycle

Technician with tool belt around waistReal Property Management Investment Solutions is the Grand Rapids property management company that knows the leasing cycle from rent-ready to lease renewal. An important first step in that cycle is having your property rent-ready. Understanding what it means to have your property ready to show and move in can significantly reduce the number of vacancy days your property has. Real Property Management Investment Solutions in Grand Rapids, Michigan takes the steps to prepare a rental property before it is ever shown to prospective residents or even advertised will have greater rental success.

When a unit is vacant, we immediately make sure you have the property re-keyed. This is often a legal requirement in many places because it keeps your future residents safe from theft and burglaries. You have no idea who could have the key that your old residents had. The safety of your residents should always be a priority and be taken care of long before someone moves into your rental. Changing the locks is an important safety precaution for you and your prospective residents, even when the property is empty. Install a lock box that holds the key for the convenience of future showings with leasing agents.

Now is also a great time to take care of any repairs and/or remodels you have to do to the property. This includes any outdoor or indoor work, and anything that might have been destroyed by the previous residents. However, make sure that all cleanup is done before showing a home. Keep the utilities on so that prospective residents can really see what the property looks like in any weather and at any time of day. Always remember safety and take care of any broken windows, mold, broken locks, and exposed wires.

Before you set that rent rate, Real Property Management Investment Solutions can complete a rent market analysis to determine the best rental rate for your specific location and unit. When your home is professionally cleaned and all appliances checked and in working order, you are getting closer to being rent-ready.

Finally, take a good look at your property from the curb. Does it have that curbside appeal that will give the positive first impression you want? Just a little initial effort will make a big difference towards your leasing your property quickly and ensuring your investment is giving you a return.

If you are interested in having your property managed by Real Property Management Investment Solutions, have more questions, or just want to speak to one of our team members, then contact us online or call us directly at 616-419-8880 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.