We know vacancies are expensive, and we can help you get your rental property leased to a good resident quickly. Contact us at Sacramento Delta Property Management for more information.
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Reasons Your Sacramento Rental Property Is Still Vacant
Currently, vacancy rates are higher than normal, and if your property is affected, it could be due to the market climate right now in the wake of the COVID-19 pandemic. You don’t want to assume that, however. When a home is well-maintained and priced correctly, good residents are usually in a hurry to rent it.
Today, we’re looking at several reasons that your Sacramento rental property might still be vacant, and what we can do to get it rented as quickly as possible.
Check Your Sacramento Rental Price
A property won’t rent unless it’s priced correctly.
Maybe you’ve priced it according to what you think the home is worth or the amount that you need to cover your own monthly mortgage payment and expenses. Sometimes, owners will look at rental prices on sites like Zumper or Zillow. Those rental estimates can help, but you need reliable data in order to accurately price your home.
We know a lot of owners will start with a high price just to see if there’s any interest in that range. But, it’s a risky and potentially expensive strategy. residents are smart, and they know what they’re willing to pay. The market drives the price, not your own expectations. Poor pricing will leave your home unoccupied.
If you’re not sure what your rental value might be, talk to a professional
Sacramento property manager. Vacancy is expensive, and pricing your home competitively will ensure it doesn’t stay vacant long.
Presentation and Property Condition
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rental property needs to show well, and your home may not be renting because of its condition. If it looks old, worn, or disordered, qualified residents are not going to rent it. Look for problem areas like stains on the carpet, broken blinds in the windows, or scratches on the paint. Your kitchen appliances shouldn’t be the green or yellow models from 1975. Clean up your property before you put it on the market
so it’s ready to show well. Invest in a bit of curb appeal.
Spending a little money to update and improve the home is worth the investment. You’ll be able to
attract better residents and you’ll get them in place quickly. Take a look at small repairs you can make. New window treatments, updated hardware on faucets and cabinets, and a full coat of fresh paint can make a big difference.
Marketing and Advertising Your Sacramento Rental Home
A good marketing plan can help you rent your home out faster. If you aren’t getting any attention, it could be due to bad marketing. Maybe your photos aren’t the greatest or you’re not listing the home on any of the top rental sites.
If prospective residents cannot see your listing, they cannot express interest in it. Make sure you know where and how to market and advertise your home. Almost everyone is looking online. You’ll have to be savvy with how you post your listing.
Before the pandemic, open houses were a great way to generate interest in a rental home. We’d often have multiple applications come in from one open house showing. However, that’s a bit more challenging now, and you’re better off with virtual open houses or contact-free showings. With these new restrictions, you want to be as responsive as possible. Make it easy for prospective residents to see your home and fill out an application. Offer special deals such as a discount on the first month’s rent or a waived parking fee. This is a good time to be creative.
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We’re talking about a topic we have covered a couple of times: property wear and tear versus property damage and how it impacts the security deposit and move-out.
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Fair housing laws were enacted at the federal level to prevent discrimination in the sale, rental, and financing of properties in the housing industry.
Let’s take a look at our maintenance process so you know what should be included when routine repairs are needed at your property.
Today, we’re talking about our process for coming up with the best rental amount for your property.
Sacramento Delta Property Management, Inc.
910 Florin Road, Suite 100, Sacramento, CA 95831
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Sacramento Delta Property Management, Inc.
