Vacant rental properties in Gainesville can be particularly expensive for a property investor. If a vacancy lasts for over a couple weeks, you could lose anything from a year’s worth of financial gain to having mortgage payments come out of your personal pocket on that property. To help you pick out qualified residents for your vacant rental properties, you first need the right sign. And with the right sign, you can minimize the time between spotting an available property to signing that lease!
Having good signage is one of the simple ways to attract residents to rent from your property. Most commonly, when prospective residents see a “For Rent” sign, that will pique the interest almost immediately. But if your “For Rent” sign is hard to find, difficult to read, or aesthetically displeasing, then it could be a distractor from getting potential residents in the door. The more you do to make the process of finding your property and learning more about it easy, the less time you will have to spend to fill your vacant Gainesville rental properties.
You can attract potential renters by posting a professional looking “For Rent” sign. A professional sign should have an elegant, minimalist, and effective design. Some owners try to get away with scrap plywood or cardboard signs that are propped against the mailbox with sloppy handwriting and their phone number scribbled somewhere on it. Another step above this would be to find a sign at a hardware store. However, these signs tend to not have much room to add information or attract residents to rent. On the other hand, a property management company will have professionally made signs with a credible name and targeted information that can help renters trust enough to reach out to find more information.
The primary end of having a sign is for people to scrutinize it without having to try going out of their way to read it or not be able to find it at all. Inexperienced owners tend to put “For Rent” signs in the window or somewhere near the house. This can result in a longer period of vacant Gainesville rental properties. However, the best way to help your sign to be the most visible to your prospective renters is to place the sign close to the street. Make sure to place the sign in an area that is open and clutter-free; away from any trees or plants so that it can stand on its own. Once you have your sign in a clean and open area, you could also put balloons or something else to make it stand out from the traditional yard signage. A combination of great signage and aesthetically pleasing curb appeal will go far in attracting residents to rent.
Include Important Details
The leading object that bail an owner out, avoiding vacant Gainesville rental properties, is to help residents become aware of the main elements of your property. This can include the number of bedrooms and bathrooms, total monthly rent, whether utilities are covered, and contact information- including a phone number and email address so that they can get a hold of you. If there is more room on the sign, you can also include information about the area, recent upgrades and improvements you made on the property, or anything else that might make the property stand out above the rest. If your sign does not have enough room, consider adding a flyer holder that can contain handouts that individuals can take and bring with them.
Posting the right “For Rent” sign can have a huge impact on filling vacancies. When you’ve put out the right information on signage, you’ll quickly notice that your rental vacancy time will be reduced and vacant Gainesville rental properties will be a matter of the past. Interested in learning how we’ve helped others avoid long-term vacancies? Please contact us online or call us at 352-854-2221 for more information.