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Fill Vacancies Quickly

Charlotte Property
One of the most difficult things that you need to do as a rental property owner is get people to fill that rental property. It can take ages to find just the right person to get into your empty apartment and that just is not any good. You want to be able to move seamlessly from one tenant to the next, but this is something that almost never happens. There are a couple of things that you can do to make it a little easier on yourself, though. Here are some of the ideas that we have used to make sure that you are always receiving income from the rental area.
1. Month to Month Renting. Although this is not as reliable as a full lease, renting to someone from month to month is something that has its benefits. Recently while looking at apartment listings I saw one which was designed as an apartment that you could only stay in for a month or two. It requested that you be ready to move out again at the end of the month and is meant to be used as a temporary location until you find more permanent lodgings. This is something that you may be interested in doing at least for a month or two while you look for a good and solid tenant.
2. Cut A Friend A Break. Some people offer their empty apartments to a friend while they are looking for someone to stay there long term. This is mutually beneficial as it means the apartment is not empty and you may be getting at least some rent while your friend has a place to live. Sometimes this is used for those who have just gotten out of school or need a place to stay during the summer. I have also seen it done for new parents that sometimes need some time away while someone else babysits. It is less expensive than a hotel if you let them use it a couple of days out of the month and again at least you know the place isn’t always empty.
There are many ways that you can get someone into your empty apartment even if it is only very short term. Let us know some of the methods that you have used before and maybe we will pass them onto others so we can all learn!