This article was original posted on Tuesday, March 31, 2009 at our old website
Update on my March 20, 2009 post – It’s Back to Basics.
I’ve been in the Property Management business for going on 20 years now. I actually got into it by accident because clients that lived out of the area especially wanted someone here local to watch out after their investment.
Over the years, the practice of property management has given me many insights into “what to do… and what not to do”…
So while I was a little nervous about the rental market as reported in my last two posts, I was reminded again that when you have a property with great curb appeal, that is updated and bright & clean inside…? You just don’t have to worry too much if you have priced it fairly, which we did.
Click Here for a look at the WebFlyer we used to attract new tenants.
Our clients had purchased 2 duplexes on this street, each one with a 3 bedroom, 2 bath and a 2 bedroom, 2 bath side. We now have “approved applications” with “holding deposits” for move in with rents are $1,200, $1,250 for the 3 bedroom sides and $1,100 for one of the 2 bedroom units.
In addition we have two applications pending for the last remaining 2 bedroom.
The bottom line in my opinion is that if you the investor provide a great curb appeal and a nice unit inside, you’ll have many happy prospective tenants wanting to live there and pay you top $$$.
In the mean time…?
MAKE IT A GREAT DAY….
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