Now that you have decided to rent your property, what is next? The next step is to obtain a tenant for your property. Whether you have decided to hire a property management company or self-manage, a marketing campaign will ensue. As the marketing campaign unfolds, you will receive calls or contacts from prospective tenants. Now, one of the most important parts of property management begins.
The property manager needs to begin showing the property, and the showings, need to happen in a timely manner. We hear all too often about prospective tenants who inquire about a property to never get a return call or to get a return call when the property manager gets back into the office on Monday. Or, the property has been marketed but cannot be shown for another couple weeks. Both of these scenarios can cause owners to lose great tenants to another property. So, why are showings important?
Here are three reasons:
- Tenants have timelines – Just like owners who want to rent their property by a specific date, tenants also have similar timelines. If a prospective tenant is moving to the area, they need to know they have a place to live when they arrive. Or, if a tenant’s current lease on their current property ends at the end of the month, they need to know they have a new property to move to at the start of the next.
- Find better tenants – When a property manager responds quickly to inquiries and schedules prompt showings, the likelihood of finding great tenants increases significantly.
- Decreases vacancies – Showing a property in a prompt manner allows the property manager to find a tenant more quickly and reduces the chance for a vacancy. As property owners ourselves, we know the importance that vacancies have on the impact on profitability.
At Real Property Management of the Rockies, we strive to aggressively market our properties and promise to be available for prompt showings. This is part of our guarantee to our owners. If you are in need of property management services in the Northern Colorado area including Fort Collins, Loveland, Windsor, Wellington, Timnath, Johnstown, Berthoud or the surrounding area, please contact us. We would be honored to be your trusted property management partner.
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.
