One of the most frustrating things for property management services in Charleston is when properties are not renting quickly. Vacant properties mean no rental income and no rental income is the last thing that an owner wants to hear. When a home is left empty a property manager needs to decide why the renters are not interested in the home. There are several things that could be contributing factors to a home that is not garnering much interest.
- Overpriced- Single-family homes are more expensive than apartments but if the home you are renting is priced way over the others in the area you will likely have a difficult time renting it out. Property management services in Charleston are diligent in doing market research to figure out the best rental price for a home in various neighborhoods.
- Poor Marketing- A sign in the front yard is not always enough to get the attention of quality tenants. Property owners need to ensure they are marketing across many platforms including social media, rental sites, and craigslist to ensure maximum exposure. Some property management services in Charleston also do radio and TV advertising, billboards, and more.
- Curb Appeal- Ask yourself whether the home is attractive. When siding is dirty, the lawn is sparse and brown, the porch steps are broken, or there are cracks in the sidewalk leading to the home, possible tenants may think the home is not safe. They might also be weary of whether the home is clean inside which will turn them away from scheduling a showing.
Outside of price, marketing, and curb appeal, the only other reason a home would remain vacant is if there is no demand for rental homes; however, this is almost never the case in Charleston. Single family homes are in hot demand and great homes are not likely to stay on the market for long. If you have been interested in diving into real estate investment now is the time!
Great property management services are vital for success in Charleston renting and Scott’s Properties is here to make sure your rental business is the best it can be. Call today to set up an appointment at 843-790-4929.