The holidays can bring about a great deal of joy and togetherness. But if you own rental property that is sitting empty, this time of year can make it a bit more challenging to find the right tenants and to keep your incoming cash flow in-tact.
But believe it or not, the holiday season can actually be a great time to find the right residents for your property – and there are several viable strategies that can help you accomplish this task.
One way to get paying tenants into your rental property is to offer some nice incentives. For instance, you could provide your new tenants with a discount on the first month’s rent and / or pay for their utilities.
Another nice incentive could be to give your new tenants a gift card of their choice. Doing so can be a nice perk – particularly because peoples’ budgets are oftentimes stretched at the end of the year.
As a rental property owner in Florida, you could advertise your vacancy nationwide as versus just locally. This could attract the attention of those who are planning a move to the Sunshine State. By including both interior and exterior pictures of your property, it can help those who might be interested with determining whether or not it is the right potential residence for them.
Even with some good, solid marketing methods in place, though, advertising rental property, screening tenants, and showing units can be a very time-consuming endeavor. So, if you would rather turn over some – or even all – of the tasks related to maintaining and managing your rental unit(s)…including advertising an empty property…joining forces with an experienced property manager can be the ideal solution.
At CFL Property Management, we will take care of all the details, both large and small, for you. So, if you own investment real estate in the Orlando or surrounding Central Florida locale, Contact Us for more information.