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Leasing Cycle for Rental Properties in Coeur d’Alene

Real Property Management Coeur d’Alene knows the leasing cycle from rent-ready to lease renewal and has had many years working with the Coeur d’Alene market. The most important part in leasing your rental is ensuring that the property is rent ready. Ensuring you are rent ready means minimizing the days that your property is vacant and costing you money instead of making you money.  Real Property Management Coeur d’Alene in North Idaho has perfected the efficient steps to prepare a rental property before it is ever shown to prospective tenants or even advertised will have greater rental success.

When a unit is vacant, the first step is rekeying your property. This is often a legal requirement in many places because it keeps your future tenants safe from theft and burglaries. You have no idea who could have the key or how many of those keys were made that your old tenants had. The safety of your tenants should always be a priority and should be taken care of long before someone moves into your rental. Changing the locks is a important safety precaution for you and your prospective tenants, even when the property is empty. Install a lock box that holds the key for the convenience of future showings with leasing agents and vendors to have easy access.

Now is also a great time to take care of any repairs and/or remodels you have to do to the property. This includes any outdoor or indoor work, and anything that might have been damage or has excess wear and tear by the previous tenants. However, make sure that all cleanup is done before showing a home. Some other aspects you may want to be aware of is keeping your utilities on so that you can properly show your home, having a warm, inviting, and bright showing space presents your property in the best possible light. Other things to check for are taking care of any broken windows, mold, broken locks, and exposed wires, as well as preventative maintenance on HVAC systems and checking filters.  

Before you set that rent rate, Real Property Management Coeur d’Alene can complete a rent market analysis to determine the best rental rate for your specific location and unit. Consulting a working professional insures that your home is priced to move with the market and not in opposition to it. When your home is professionally cleaned and all appliances checked and in working order, you are getting closer to being rent-ready.

Finally, take a good look at your property from the curb. Does it have that curbside appeal that will give the positive first impression you want. Just a little initial effort will make a big difference towards your leasing your property quickly and ensuring your investment is giving you a return.

We believe when you take care of your property with this level of detail it attracts the right tenant to your property and also sets a standard for the level of care you would like your tenant to take with the property.

Contact Real Property Management for any further questions and know that you can put your rental in the trusted hands of Real Property Management Coeur d’Alene.

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