Real Estate Renting Tips: Why Do Investors Fill Their Homes?
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Don't be a Ding Dong: Renting Tips To Bank
I've seen a lot of people who are just plain horrible at this business. It never ceases to amaze me that, with the plethora of information, seminars, gurus, websites, and all the other resources, so many people are completely ignorant of basic real estate skills.
Having vacant homes has to be one of biggest reasons why people create a huge financial strain on themselves and their businesses. Poor rental marketing practices can not only be rough on the business, but they can completely consume one's life. I wouldn't be surprised to find that if there was a place on divorce papers for "tenant stress" as opposed to "irreconcilable differences", many Americans would have checked the former.
I have felt this pain firsthand but I quickly realized that I needed to change up some things, and then proceeded to do so. Here are a few practices I've picked up that have significantly lessened the stress of my business.
The Most Important Thing...
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1. Signs
2. Don't Answer Calls Yourself! Use a Voice Messaging System
We send all of our folks to a voice mail system where they punch in the correct extension to hear the message for the appropriate property. The voicemail explains the details of the property and our criteria. We guide them to our website that has pictures of the interior. The people who leave a message are now well informed about us and the property and have qualified themselves. The voicemail system is crucial and I couldn't do this business without it.
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3. Direct Prospects to Your Home
We drive people to our property with large 18"x24" black and yellow directional signs. We put the properties' addresses on the directional with a black marker and strategically position them at all busy intersections close to the home. This will do wonders with your traffic. Real Estate Information
- ShortSaleInvesting.org
- If you're looking for some other ways to cash in on real estate investing, check out this site and try out short sale investing -- It could help you get houses for dirt cheap which you could then rent out!
4. Market Your House
Use these tactics as we have and you'll be an "inspired landlord, not a tired landlord"... haha, I just made that up. Here's to your success!!
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