Vacant Properties Hurt Your Bottom Line

When your rental property sits vacant, your bottom line takes a serious hit. As soon as a previous tenant moves out, it’s important to act quickly to obtain another renter. This includes preparing the home for a new tenant, addressing any repairs or damage, and marketing the property efficiently. By making this process a top priority, you can minimize the impact a vacancy has on your finances.

How Long Does it Take?

The average rental home sits on the market for 52 days, whereas some take even longer to rent. At Nest Finders Property Management, we start marketing your home as soon as it becomes available. We use a number of different resources to ensure we capture the attention of would-be renters across Greater Jacksonville. Unlike other management groups in our area, we conduct video tours of every property we represent, which allows potential tenants to obtain a better understanding of the property’s amenities and layout.

Every property is unique in its own way, and various factors influence how quickly it finds a tenant. Location, condition of the home, and the price point all play a role in a rental home’s appeal. Our team of property management professionals understands the demands of our local market, and will help optimize your rental to find a tenant as quickly as possible.

How Much Should I Charge?

Setting the monthly rent for a residential property is an important decision. Not only does the price point narrow your pool of potential tenants, but pricey rentals often sit on the market for longer periods of time. Many property owners are tempted to set a rental price that covers all expenses like mortgage payments and management fees, but this strategy can also backfire. For example, if your property ultimately commands a higher rent, but your home sits on the market for three months because of its sticker price, you’ll make less money annually than you would have if the rental was priced appropriately.

Navigating the pricing waters proves tricky for most landlords. Fortunately, our team is well-versed in Greater Jacksonville rentals. We’ll advise you according to comparable properties in our area, and work together to maximize your potential revenue.

Maintaining the Property

Before your property is ever advertised or marketed towards tenants, it’s essential to address the condition of your home. Partnering with Nest Finders Property Management provides a savvy solution for keeping your home in great shape year after year. Not only does a well-maintained home draw a rental premium over other properties, but these residences encounter fewer challenges over the course of time. Furthermore, it’s much easier to make continual adjustments and improvements to a property as needed, rather than performing a pricey, drawn-out overhaul down the road.

The Nest Finders Property Management team wants to help rent your property in Jacksonville quickly. Stop stressing about long vacancies, costly marketing efforts, and endless showings and let our talented staff take the reigns. Our approach revolves around our clients and the tenants they serve. Discover the Nest Finders Property Management difference and say goodbye to the pressure, one and for all.

Call us today to make an appointment.