Management & Sales Marketing Plan for Elite Properties Management & Realty Group

Numerous marketing tools

The first thing you need to decide when buying rental property is area, location and how much you’ll charge someone to live there. How are you going to make that choice? The majority of landlord will scan the internet advertising to see how much similar-sized homes rent for, but it doesn’t actually tell you what you need.

You don’t have an idea how the properties’ condition and location compare to yours unless you’ve viewed both the inside and outside of them. Of course, a lot depends on the location and the condition of the item.

Will your home come with kitchen appliances, cable ready TV, and will your tenant pay a separate cost for utilities and waste services or will you the owner pay the utilities services or split the utilities with the tenant. These are some of the things that go into determining fair market rent.

Lots of landlord are forced to make educated guesses and pray for the best because they don’t know what comparable houses are selling for in the area. Strangely enough, we’ve discovered that the majority of landlords charge lesser rent than is actually necessary.

When we take over a rental property’s management, we typically conduct a comparative market analysis of similar properties, comparing size, bedrooms, bathrooms, upgrades location, age and amenities to determine market rent. As opposed to tenants who pay less, we’ve seen that those that pay a little more are typically more responsible and maintain the property better.

We welcome your questions if you’d like to learn more about how Elite Properties Management may improve the cash flow of your rental property.