By Trevor Rhodes
The definitive consultant for each landlord
Whether you simply have an additional room to hire or a turning out to be condo empire, you continue to want trustworthy info and professional recommendation to ensure you do it correct. Drawn from years of expertise supporting hundreds of thousands of landlords, American Landlord leads every body from the hot landlord to the previous professional via all of the bits and bobs of estate administration. Inside:
• purchasing and retaining condominium properties
• effectively advertisements your vacancies
• competently and securely screening your applicants
• successfully facing not easy tenants
• realizing condo varieties and agreements
Bonus CD-ROM Features: Ready-to-print condominium functions, hire agreements, checklists plus landlord-tenant legislation for all 50 states, and masses extra!
Read or Download American Landlord: Everything U Need to Know about Property Management PDF
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Additional resources for American Landlord: Everything U Need to Know about Property Management
How to Avoid Spending a Fistful of Dollars! Rental Property Flyer 31 32 Chapter 3: Advertising Your Vacancy The next step after designing your flyer is to make copies and to decide where to optimally post them. Obviously, if you are near a college campus, that’s a perfect place to start. Bulletin boards are commonly found at the admissions office, dining hall, library and even residence halls, for those that plan on moving off campus next semester. In addition to campuses, you can also consider grocery stores, public libraries, community centers, churches and anywhere else that you can easily display it for the community to see.
Outdoor furnishings, lighting, fencing, etc. These items don’t need to be added, merely repaired or removed if they are not working properly or are too unattractive to look at. The same applies to the mailbox – if it’s so rusted that the neighborhood birds have found a way in to use it as their new nesting place… common sense would say replace it. “Curb appeal” is an essential attribute in renting any property, but this does not mean the home has to appear brand spanking new in order to attract tenants.
If you own more than a couple of units and have to fill several vacancies throughout the year, it is strongly recommended that you inquire about signing an annual advertising contract with your local newspaper – especially if your initial campaigns have proven in past times to be effective. Advertising contracts (even classifieds) can yield considerable discounts, beginning at around 10%. As far as real estate publications, only heavyweight landlords that have several vacancies regularly and a substantial budget are encouraged to explore those display advertising opportunities – it just doesn’t add up for the small landlord.