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Updated almost 5 years ago on . Most recent reply

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Satyam Mistry
  • Investor
  • Omaha, NE
137
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Turnover time between Tenants

Satyam Mistry
  • Investor
  • Omaha, NE
Posted

What do you average for on turnover time for single family rentals? 

My single family properties rent around $1000-1900. I do not like showing prospective tenants a property until it has been vacated, touched up, and clean. I understand some people do show properties when it is occupied and that may result in filling faster vacancies, but in my experience I have found tenants respond better to vacant properties.

If you have a property that has been sitting on market for a few weeks what tactics do you use if any? 

Of course reviewing and lowering the rent may help. I list my properties for rent on the major sites such as Zillow, Trulia, HotPads, Cozy, & Craigslist. I do screen tenants prior to showings so am not wasting time with those who may not be qualified. Also currently have a no pet policy, but try to keep an open mind depending on situation. Once it starts sitting for a couple weeks it starts sinking further down on the new listings searches and could be overlooked so wanted to get some suggestions.

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John Underwood
#4 All Forums Contributor
  • Investor
  • Greer, SC
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John Underwood
#4 All Forums Contributor
  • Investor
  • Greer, SC
Replied

The best place to advertise for me has been FB market place.

If you exclude pets you are severely diminishing your rental pool.

I make my houses pet friendly. They rent faster, people stay longer and they are willing to pay a non refundable pet fee.

  • John Underwood
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