May be the apartment vacant rather than earning coming back? Generally there are 2 main reasons why your home is empty:
Reason no.1: It’s too expensive. Renters be familiar with market and may disassociate with not practical prices, maintaining your property in the marketplace a lot longer.
Reason no. 2: It’s poorly introduced. If your house is not presented well, with noticeable degeneration and too little regular maintenance, it signifies a sloppy landlord who doesn’t be worried about his property or his tenants.
A good property manager is critical to avoiding an empty rental that’s not earning you a return. Why? Because he or she will:
- Ensure your house is offered to the market at a price that will attract the right kind of tenant in a timely fashion. The longer your house is empty the more it is costing you.
- Advise you on presentation and maintenance, and handle necessary maintenance work with tried and trusted contractors on your behalf.
- Give the prospective renter confidence that they are entering into a professional agreement, with a landlord who understands his obligations to his tenants.
For every week that your house is empty, it’s costing you money. Bolitho Property Management staff are all either home owners or property investors, so we know how important it is to keep your investment performing for you. We appreciate the importance of keeping void periods low, and maximizing your annual returns. We know the market so can set an appropriate price that will attract the best tenants for your property, and can advise on how to present your property in its best light.
Contact Gina for a no obligation chat about finding quality tenants for your property.