The cost of vacant Jasper rental properties can be extremely high for a property investor. A vacancy that lasts for more than two weeks could cost as much as a year’s profit. That cost could increase if there are mortgage payments that you must pay for your property. Shorten the time frame a resident spends from finding your property to lease signing. Use good signage to your advantage. This would help you find qualified people to be the residents for your vacant rental properties.
An easy way to attract residents to rent is a good signage propped up on your property. Usually, when a prospect sees a sign that says “For Rent”, they will get interested in learning more. That means, if your “For Rent” sign isn’t clearly visible, legible, or looks good, then it could back-fire and dissuade your residents from moving forward with a lease. The more you streamline the process to get from finding the property to learning more about it, the less time will be needed to have occupants move into the vacant Jasper rental properties.
Professional Signs
Attract residents to rent by having a sign that is well designed. A professional looking “For Rent” sign should be clean and minimalist. Some owners do the exact opposite of this. They scribble their number onto a piece of cardboard or paint a piece of plywood, then prop it up against the mailbox. That sign done with poor handwriting will have a negative effect. Then there are some owners who take it a degree better. They buy a sign from a hardware store. The problem with these signs, however, is that there isn’t much white-space left for information to be added. It’s designed so that the “For Rent” text would be the only thing there. These signs do not attract residents to rent. Then we have the smart owners. They get property management companies that do the right thing, and that’s to have the signs made professionally. With a credible name and targeted information, the sign will help renters trust you enough to ask for more information.
Proper Visibility
A sign’s use is to be seen and communicate information without being much of a hassle to the person looking at it. This means it needs to be placed where people can find it and read it without too much trouble. Some owners who don’t have as much experience tend to put the “For Rent” signs near the house or even in the windows. This can lead to longer periods of vacant Jasper rental properties. However, an experienced person would know to put your sign close to the street where it’s most visible to your prospective leasers. Not only should it be close to the street, but it should also really stand out. This means there shouldn’t be much clutter, plants, or trees nearby. It should stand on its own. Once you have your sign ready and deployed, you could add balloons to it or anything else that would set it apart from the traditional yard signage. Now, when you combine both a good signage and an excellent curb appeal, it would help in attracting residents to rent.
Include Details
A key item is to help give residents information about your property. This would help avoid vacant Jasper rental properties. Put some relevant information on the signage. Place the number of bedrooms, total rent, and whether utilities are covered. Then also place your contact information—your email address and your phone number. If there is still room on the sign, include information about the area and include recent renovations to the property— list down what was upgraded and improved. List down anything that will make the property stand out above the others. But if your sign does not have enough room, get a flyer holder and attach it to the sign. This way, individuals can take one and read them later.
In Conclusion
A sign is so simple, yet it can have a very large impact to how your property will be attracting residents to rent, getting them more information about the property, and helping them decide if they are interested in contacting you. As the process is made easier for residents because of the signage, your vacancy duration will drastically decrease, and vacant Jasper rental properties will now be nothing but a memory.
Are you interested in learning more about Real Property Management Results? Find out what options are available for you to improve your investment and avoid vacant Jasper rental properties. Have your rental property assessed for free by contacting us online or by calling us at 812-461-1676 today!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.