Property Management- When your tenants move out

When tenants move out what are your their expectations? What are yours? At Coastal Premier Realty we try to train our tenants to leave the property they are renting in as good as shape as when they moved in. The training starts at the lease signing. In your lease you should have provisions that tell your tenant how you expect the property to be left. When your tenants move out it should not be up to you to pay for any unreasonable wear and tear of your property. You should spell out in your lease agreement the tenants obligations for the care and maintenance of the property. Contrary to the popular belief of your tenants you are not responsible for damages that they create. For example if a tenant stops up the toilet by flushing paper towels and you have to call a plumber that is an expense that they should incur.To help your tenant understand there obligations its important that you train them at the lease signing and move in process. Make sure you go over the provisions in the contract and allow them to ask any questions. you should also have provisions in their lease agreement that your tenant must have the carpets professionally cleaned and you may even require the tenant to hire a professional cleaning service to thoroughly clean your property. You will also want them to have the electricity turned on when you do your final walk through inspection. You will need it on to make sure all the appliances and electrical switches are not damaged and in good working order.if you find damages when you are moving your tenants out be fair and don't over charge them. Let your tenant know up front there will be money taken out of their security deposit and the reason why. Most tenants if you tell them what you expect at the beginning of the rental will not complain when you have to with hold funds out of their security deposit for legitimate damages.At Coastal Premier Realty we will always take the extra time at move in to give our rental talk to tenants. We find that we get our property back in better condition from telling them our expectations at the beginning not after they move out.If you have any questions about property management please feel free to contact us or visit our website. Email us at info@coastalpremierrealty.com

Georgetown, South Carolina Rentals- The Reserve at Rosemont

The Reserve at Rosemont is Georgetown, South Carolina's premier apartment community.One, two and Three bedroom apartments are available in this mid sized complex. Units are very spacious and have ample storage and parking. All units come with stove, refrigerator, dishwasher and select units have washer and dryer hookups. Two well maintained clean laundry facilities are located on the property.The Reserve at Rosemont is located directly behind the Belk department Store on Indigo Avenue. Located near Walmart, Belk, Restaurants, Banking and the Post Office.To arrange a viewing of our available apartments please call 843-455-5063 between the hours of 8am and 7pm.

Click here to visit the website for the Reserve at Rosemont.

For more information on rentals along the Grand Strand please visit Coastal Premier Realty's website

Property Management Blog- Screening Tenants

When investing in property you will want to minimize the amount of vacancies for your rental units. When screening potential tenants you will want to ask the usual questions, can this potential tenant pay, have good credit scores, good rental history, and are any pets acceptable. I would suggest you also ask yourself 'would this property be better vacant or to rent to the potential tenant'. You will want to ask this question to make sure you are really renting to good quality tenants. Too often I find that landlords want to reduce vacancies to the point that they will overlook poor qualities in potential tenants just to get them to move in.I have been burned by poor tenants in the past because I was more concerned about having a vacant property and getting the first person in the door to get rid of that vacancy. This ended up costing me greatly because I would have tenants that would not take care of the property or pay the rental on time if at all.Good luck with your property if you want any advice at all please email me sean@coastalpremierrealty.com or visit my website.

Property Management Scams

I was searching the Internet and I wanted to share this website I found concerning rental scams. This website is rentalscams.org and has a lot of information on rental scams that are happening in the United States. Take a look and let me know if this has helped you.

Rental Scam website

Property Management- How to price your rental property.

When renting your home you will want to avoid lengthy vacancies in your property. Choosing the correct rate to market your property will depend on a few factors. You don't want to price your rental too low because you want to maximize your profits but pricing too high will not help you get potential tenants through your rentals door.

When deciding on how to price your rental property you will want to consider the following.

Your Competition- How much are similar properties currently getting for rent. Renters will generally choose the lowest priced property available first. Your competitors underpricing their rental property will make your property harder to rent, unless you lower your asking rent.

When are your apartments available?
Rental properties are usually get higher rents in the summer months because people tend to move during warmer times of the year. Also if you are renting to families with children they generally do not like to move during the school year.

Tip: Try making your leases end during the summer time to decrease vacancies and increase your rental rates.

What is your units condition?
If your unit is nice and tidy freshly painted clean floors then it will get higher rents than your competition that has less tidy rental properties. Make sure your property is very clean and well maintained inside and out to increase your rental rates.

How functional is your rental space?
If your property has small rooms and closets than it may rent for less than your competition that has bigger rooms and closets. Make sure you adjust your rate down if you have smaller rooms and closets in your rental spaces.

Tip: adding mirrors in small bathrooms and bedrooms will make your space appear bigger.

How is your location?

Where is your rental located? Things that can negatively affect your rental rates are crime, bad schools, long distance from jobs and shopping, and how well your neighbors take care of their properties. Being close to mass transit, Shopping, hospitals, schools and jobs will make your rental more valuable in your potential tenants eyes.

Make sure you market your property at a price that will get your property occupied as quickly as possible. Too often I see owners of rental property want to hold out for that extra fifty dollars a month. This can cause you to loose out financially if it makes your property remain vacant for many months. Instead of not making that extra $600 dollars a year you may loose much more than that.

If you have any questions on how to rent your property please email us at info@coastalpremierrealty.com