Vacant Pasadena rental properties can be very costly for a property investor. If a vacancy lasts for more than a couple weeks, it can cost you an entire year’s worth of profit or more, assuming you have mortgage payments to make for your property. To help you get qualified tenants to occupy your vacant rental properties, you can shorten the time frame a resident takes from locating your property to signing a lease by utilizing good signage.
Having good signage is one of the simplest ways to attract residents to rent your property. Usually, when potential residents see a “For Rent” sign, they will gain an interest in learning more. If your “For Rent” sign is tough to find, hard to read, or not aesthetically pleasing, then it may be a distractor from getting renters to 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 have to spend to fill your vacant Pasadena rental properties.
Professional Signs
Attract residents to rent by getting a professional “For Rent” sign. A professional “For Rent” sign must have a clean, minimalist, and credible design. Certain owners attempt to get away with scrap plywood or cardboard signs propped against the mailbox with sloppy handwriting and their phone number scrawled somewhere on it. Another step above this would be to purchase a sign from a hardware store. However, these signs tend to not have a lot of room to add information or attract residents to rent. On the other hand, a property management company would have expertly made signs with a credible name and targeted information that can help renters have enough trust to reach out to find more information.
Proper Visibility
The primary purpose of having a sign is for people to see it without having to go out of their way to read it or not be able to find it at all. Inexperienced owners have a tendency to put “For Rent” signs on the window or somewhere near the house. This can lead to a longer period of vacant Pasadena rental properties. However, the best way to help your sign to be the most visible to your prospective tenants is to place the sign near to the street. Make sure to place the sign in a spot that is open and clutter-free, away from any trees or plants so that it can stand on its own. After you have placed your sign in a clean and open area, you could also put balloons or something else to make it stand out from the usual yard signage. A combination of great signage and aesthetically pleasing curb appeal will go far in attracting residents to rent.
Include Important Details
The main item that helps an owner avoid vacant Pasadena rental properties is to help residents find key features of your property. This can include the number of bedrooms and bathrooms, full monthly rent, whether utilities are covered, and contact information – including a phone number and email address that they can use to get a hold of you. If there is extra 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 can make the property stand out above the rest. If your sign doesn’t have enough room, try adding a flyer holder that can hold handouts that individuals can take and bring with them.
As simple as a sign may seem, it can have a big 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 make the process easier for renters with proper signage for your rental property, your rental vacancy time will decrease, and vacant Pasadena rental properties will be a thing of the past.
Interested in learning more about Real Property Management East San Gabriel Valley? Discover the options we have available to help improve your investment and avoid vacant Pasadena rental properties. Contact us online or call us at 626-600-2884 to schedule a free assessment of your rental property.
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