Vacant West Allis rental properties can be incredibly costly for a property investor. If a vacancy goes on for more than a couple weeks, it can cost you a whole year’s worth of profit or more, assuming you have mortgage payments to make for your property. To help you get qualified renters for your vacant rental properties, you can shorten the time frame a resident takes from finding your property to signing a lease by making use of good signage.
Having good signage is one of the easiest methods to attract residents to rent your property. Typically, when prospective residents notice a “For Rent” sign, they will have an interest in knowing more. If your “For Rent” sign is difficult to find, hard to read, or not aesthetically pleasing, then it can be a distractor from getting residents to sign a lease with you. The more you do to make the process of finding your property and learning more about it easy, the less time you would have to spend filling your vacant West Allis rental properties.
Professional Signs
Attract residents to rent by having a professional “For Rent” sign. A professional “For Rent” sign needs to have a clean, minimalist, and credible design. Various owners attempt to get away with scrap plywood or cardboard signs that are held up against the mailbox with messy handwriting and their phone number scribbled somewhere on it. Another step beyond this would be to find a sign at a hardware store. However, these signs have a tendency to not have much room to add information or attract residents to rent. On the other hand, a property management company can give professionally made signs with a credible name and targeted information that can help renters trust enough to reach out to get additional information.
Proper Visibility
The primary purpose of having a sign is for people to view it without having to go out of their way to read it or not be able to find it at all. Inexperienced owners tend to place “For Rent” signs on the window or somewhere near the house. This can lead to a longer period of vacant West Allis rental properties. However, the best way to help your sign to be the most visible to your prospective tenants is to place the sign close to the street. Make sure to place the sign in a spot that is open and clutter-free, far from any trees or plants so that it can stand by itself. Once you have your sign in a clean and open area, you could also place balloons or something else to make it stand out from the common yard signage. A combination of great signage and visually pleasing curb appeal can go far in attracting residents to rent.
Include Important Details
The key item that helps an owner avoid vacant West Allis rental properties is to help residents find the main property features. This can include the number of bedrooms and bathrooms, total monthly rent, whether utilities are included, and contact information—including a phone number and email address so that they can communicate you. If there is more room on the sign, you can also include information about the area, recent upgrades, and improvements performed on the property, or anything else that might make the property stand out above the rest. If your sign does not have enough room, consider putting a flyer holder that can contain handouts that individuals could grab and bring with them.
As simple as a sign might seem, it can have a large effect on attracting residents to rent, getting additional information about the property, and deciding whether they are interested in contacting you or not. As you make the process simpler for residents with proper signage for your rental property, your rental vacancy time will shorten, and vacant West Allis rental properties will be a thing of the past.
Interested in learning more? Discover the options that Real Property Management Greater Milwaukee has available to help improve your investment and avoid vacant West Allis rental properties. Contact us online or call us at 262-309-6961 for more information or to schedule a free assessment of your rental property.
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