How Bryan-College Station Property Owners Can Use Rental Vacancies to Their Advantage

 

With all investments, there are risks. One of the biggest risks for your investment property is vacancy. Remember, it’s not a matter of if you’ll have a vacant home, but when you’ll have that vacancy. Prepare for it appropriately so you won’t have to worry.

Today, we’re talking about how to use a vacant property to your advantage, and what should be done with your investment when no one is living in it.

Rental Property Repairs and Remodeling Projects

When a property is vacant, doing repairs and remodels is easier. Take advantage of not having tenants in your unit, and you can do all the different things that you cannot do when it’s occupied.

If your property has the original 1980’s blue carpet, now is the time to replace it with durable flooring. Resurface the counters. That’s a cheap and effective way to attract new tenants.

Preparing Your Property versus Vacancy

You’re preparing your property to be leased. When you think of it as preparation and not a vacancy, things seem less worrisome.

But, vacancy and repair projects can get costly. Using a great property manager who knows what to do and who to use will help you save money. Property managers have relationships with many different vendors and contractors. With professional advice, you’ll get more bang for your buck, and high quality workmanship.

Given the way your property is marketed and the timing of its arrival on the market, vacancy should only happen rarely. Being prepared and using the vacancy to your advantage is smart. It will increase the overall value of your home and help you bring in higher rental rates.

To learn more about how to handle a vacancy or property management in general, please contact us at Asset Hero Property Management.

 

 

OFFICE INFORMATION

Asset Hero Property Management

1580 Copperfield Pkwy

College Station, TX 77845

(979) 353-2567

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