Posts Tagged ‘rental success’

Rent Your Long Term or Seasonal Rental Property: 5 Things You Should Know

Wednesday, October 5th, 2011

Rental Condo: Living Room

1. Set Appropriate Rental Rates
Research your rental area. Are your rates realistic to comparable rental homes? If you’re asking five times as much as other homeowners, you may not get any real rental interest. And when the rental market changes you should adjust your rates accordingly and always make sure to update your rental rates on rental home listing sites, like SelectDwelling. How To Determine Rental Rates?

2. Take Quality Photos
Would you rent a home if all the photos were dark, pixelated and of the backyard? No, you probably wouldn’t. Photos invite the possible renter into your home. They help sell the rental. Take good quality photos of the main rooms of your house and any other rental amenities—water view, clubhouse, pool, tennis courts, golf course–these are enticing rental features. Check out: Rental Photos Matter: 3 easy steps to taking them!

3. Write Accurate Rental Property Descriptions
SelectDwelling makes it easy to fill-in your rental home details with 1-click buttons and menus, but the accuracy of your rental property descriptions is key. This is the main information that possible renters have about your house amenities, features, location, and your contact information. Keeping this information current and complete is a good policy to follow to attract renters.

4. Respond To Rental Inquiries Immediately
Rental property owners should check their email frequently. SelectDwelling offers a contact form on each rental listing that sends an email directly to the homeowner from the possible renter. We’ve all heard, “the early bird gets the worm”, and this remains true for booking rental homes. Make sure your phone number is current and check your voicemail and email often. Southwest Florida Rental Owners – How’s your response time?

5. Prepare Your Florida Lease Agreement
As a landlord you will need a written rental agreement stating the rights and obligations between you and the tenant. There are several sites online to purchase a florida rental lease, but its always a good idea to have your lawyer review all the clauses and making amendments as needed. Also, as a rental home owner, you should be aware that if you rent your home for less than 6 months then its your responsibility to collect a “resort, bed, transient tax” from your renters, and this clause should be added to your Florida lease. Go to your local county tax collector website to download the application and to verify the current tax rates. Tourist Tax: Are You Collecting?

Staying current, accurate, and offering quality photos will help you have rental home success.

SelectDwelling
Long-term and Seasonal Home Rentals in Southwest Florida

3 Rental Property Items You Will Replace

Monday, August 3rd, 2009

It’s a fact of rental life: Not every tenant is as careful with your furnishings as you’d like them to be. Routine wear and tear also take a toll. Renting out a furnished home will require replacing worn or broken items from time to time. But keeping your rental property looking great doesn’t have to be expensive. Here are 3 tips:chair

  • Furniture. Seasonal and annual tenants will undoubtedly spill something on your furniture during their stay. Wine, coffee and desserts can stain your couches or chairs. To minimize the problem, when buying new furniture, ask the store to treat your fabric or leather with a stain-proof or stain-resistant compound, which should help protect the furnishing a little longer. Replacements can be costly, so if you do need to replace a piece, look for sales and closeouts. Be sure to shop around and compare prices before you buy, too.
  • Dishware. We’ve all dropped a dish or broken a glass, and you can expect your tenants to do it too. It’s safe to assume that a certain number of plates and cups will get broken and will need to be replaced. Look for factory outlets and sales to save money. Consider buying a well-established pattern so replacements are easy to find.
  • Linens and towels. It’s a good idea to replace all your linens and towels frequently. Many homeowners and landlords replaced them after an annual tenant leaves, or after a rental season. This not only ensures good hygiene, but a fresh, happy feeling for your arriving tenant. Checking out your area “big box” retails stores is always a good starting point and remember beach towels are different from bath towels. You should have both available for your guests.

Be prepared. As a homeowner, consider adding a “wear and tear” allowance to your annual budget. Remember, making sure renters have a positive impression is the key to your Florida rental success.

SelectDwelling

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