Attracting New Residents

Attracting New Residents
As much as we love to talk about how helpful landlords and rental property owners are, the truth is that they are only half the deal. After all, without a tenant to live in the property, a landlord is simply someone who owns more than one piece of real estate. This means that you need to be able to convince someone to give you money in order to live in the space that you own. This isn’t always as easy as it sounds. Here are a few simple tips about how to attract new residents that are super simple and thankfully cheap.

1. New Coat of Paint. While this may be used as a metaphor more often than not, here we mean it literally! Sometimes doing something as simple as putting a fresh coat of paint on the walls of your rental property can make all the difference in the world. Even if it doesn’t look dirty or scuffed to you, it might seem that way to someone coming in. Paint your property and make sure that it looks brand new!

2. Pictures. Having clear, sharp, and brightly lit pictures is one of the most helpful things when it comes to finding new tenants. Many people won’t try to view an apartment if there aren’t any pictures, or if they’re too blurry and dark. With so many cell phones with such great cameras now, there are few excuses for you to not have at least a couple available for someone to look at. Spend a couple of hours making sure that you have a good number of nice photos and pick the best ones to put online. It will definitely help your chances.

3. Keywords. If you have recently replaced an old fridge, then write about your updated appliances. If you have laundry in the unit or even close by, mention that. If there are a lot of windows, be sure to say that the apartment is naturally well lit. Few words can convey a lot, so be sure to put down those that apply and watch how much of a difference it makes!

If you aren’t sure that you can attract residents on your own, don’t worry. Talley can help you get the exact kind of tenant you want into your apartment. Give us a call and let us do the heavy work for you. You have enough to worry about, so let us handle this instead!

Allowing Pets

Allowing Pets
One of the most common arguments that we hear about between landlords and tenants, and even from one property owner to another, is whether or not to allow pets in your apartment. Both sides have some great points, so we wanted to take some time to show a little bit from both sides of the argument. It is important to remember that here at Talley, we respect the decision you make about your property either way. We simply want to help our clients make the most informed, and therefore best, decision for you.

On the one hand, pets can be messy. Dogs and cats both have the ability to ruin the work that you have put into your unit. This may include them having accidents on the floor or chewing up and scratching the walls and doors. We often find that smells from animals can linger even after they are gone, especially if there are carpets that were soiled. While much of this comes down to whether or not the owner cleaned up after them there is always a possibility that your next tenant will be extremely allergic, and even a deep cleaning of the apartment may not be enough.

On the other hand, pets can also be helpful for you if you are going to allow your tenant to have them. Many landlords require an additional pet deposit, or even extra rent each month for someone to keep a pet. You can even charge more if you allow pets, regardless of whether or not your tenant currently has them. You also open your apartment to a wider pool of people by allowing pets, as a great number of people will not even look at a place if they can’t bring their pet along. Others require their pet for one medical reason or another. Although the law states that a support/service animal is often exempt from the law in regards to housing, many will still err on the side of caution and only look where pets are already accepted.

If you are trying to decide whether or not you want to allow pets in your rental property, be sure to weigh the pros and cons. You may even settle somewhere in the middle, allowing only animals that are confined to tanks such as fish or some reptiles. No matter what your decision is, Talley will be able to find your perfect tenant!

Moving in Winter

Moving in Winter
Everyone has their own opinions on when the best time to move is. Some people say that it's the summer when the kids are off of school. Others say that the spring is better because it isn't too hot and you can have the windows open comfortably to air out the new place. One time of the year that you don't often hear, however, is the winter. This is because there are a lot of things that can go wrong in winter that are unique to the time. You don't need to worry about ice if you're moving in the summer, for example. Holiday traffic is often worse around this time of the year. Sometimes, though, you can't help it. So what are some simple ways to make moving during the winter nice and easy?

One of the most important things to do is keep an eye on the weather. While this isn’t as much of an issue in certain places of the country, it is still something to watch. For example, North Carolina is supposed to get rain this Sunday. This is something that may complicate moving plans depending upon how heavy the rainfall is, the temperature, and whether or not either location has a tendency to flood. Always check for things like possible icy conditions or dense fog and do your best to plan accordingly. You don’t want to get stranded with all of your belongings or damage a rented vehicle due to some inclement weather.

Another thing to think about is the actual temperature while you are moving. Bringing things into a new place will generally make you work up a sweat, which can be concerning when you are in cold weather. Not only is it not the healthiest thing to be sweaty in very cold temperatures, but it can lull you into a false sense of warmth and make you ignore certain signs that you need to tap out for a little while and warm up. Make sure that you have water or sports drinks to keep yourself hydrated, and maybe something warm to drink as well to regulate your temperature.

While people move less frequently in the winter, you never know when you’ll have to do just that. Ask around and see if any of your friends have done it before and ask what they did to make it easier on themselves. You never know what helpful tips you might find!

The Importance of Mirrors

The Importance of Mirrors
We use mirrors in our everyday lives more than you may realize. From the moment we wake up, we are relying on reflections to make sure that we seem presentable to society. We check our hair, we check our face, and we even check our outfits in mirrors. When we get in the car in the morning to drive to work, we use mirrors to make sure that we safely arrive at our destination. With all of the practical reasons to have mirrors around, it can seem like a no-brainer to have them in the space you're trying to rent out. However, they can help to serve another purpose as well.

How many times have you been in a building and thought there was another room only to realize it was a mirror? It can really mess with your perception when you realize that the place is not as big as you first thought it was. This is something you can use to your advantage when you are trying to rent out your property. Even smaller rooms can seem large and airy when you have a well placed mirror in the area. It may not seem like much, but even an accent mirror can do a lot for how big a room looks from the right angle.

Another thing that mirrors can be used for when it comes to your rental property is light distribution. Not every unit is going to have large windows with loads of natural light. While this is often the ideal, sometimes it just doesn't happen. Thankfully, mirrors do reflect light very well. This means that if you have a window that does get a fair amount of sun, you can hang a mirror up that catches this and spreads it around the room to make it seem brighter than it normally would be. Even artificial light can be amplified with mirrors, so it never hurts to try it out!

Although mirrors may seem like little more than accent pieces or things to check your shave in, they can be very useful to the smart rental property owner. If you need your rooms to look like they're bigger than they are, give mirrors a try. You should also call Talley and see how quickly we can get a great tenant into your apartment, even if it is on the smaller side. You never know who we will find!

Gap Months

Gap Months
Getting a new tenant into your rental property is always a struggle. The one thing you always want to avoid at almost all costs is having months where you don’t have a resident. You generally rely on your tenants to help you pay things like association dues or property taxes, so the longer it goes with no one renting your space, the more money is coming out of your pocket. Having a quick turnover between one resident and the next is extremely important if you want to make sure that you don’t lose money on your extra property. Here are a couple of ideas to help you skip those gap months.

One method some landlords use is asking their current tenant if they know anyone who is looking for a place to live. Often, a person who is renting will know other people who are also renting. This means that they might know someone looking to move into the area, searching for a location closer to their job, etc. You may want to offer an incentive for your tenant to find someone to replace them, such as a discount on the last month of rent or some free boxes to help them move. While you still have to screen the new person, you can save some time by having your current tenant suggest someone.

If you know that your resident is going to move out by a certain date, start advertising the vacancy as soon as possible. While it may be difficult to actually get people into the apartment to see the location, it is always best to start looking early. You might want to show pictures or videos from before your current tenant moved in to give the new perspective tenant an idea of what it looks like. You can also ask your tenants if they are okay with someone coming in and looking at the apartment while they are getting ready to move out. Most residents are okay with this as long as they are also home at the time.

Having a seamless transition between tenants is so incredibly important when you are a rental property owner. While you may need to take a couple of days to clean everything for the next person or paint the apartment, it is always better to have someone already lined up to move in. If you need help finding someone, call Talley so we can help you find your perfect tenant!

Clear Listings

Clear Listings
One of the best things you can do when it comes to making a eye-catching listing is putting in as many details as possible. While it used to be important to get the specific details out with as little explanation as possible, if you are posting something online you no longer need to worry about paying for every word (or even every character, depending on the paper).

Generally, if you are able to post about a listing, you don’t have to pay for more than either the individual listing or the domain name depending on how you go about promoting your vacancy. If you own an entire building or complex, a full website may be a better option, so it's always important to think about what will work best for you and your property.

When someone looks for an apartment, there were a few things that most people look out for. It is always better to have photos attached to the listing so that people can see what they would be moving into. Details about policies and amenities is also often important. If a listing doesn’t have pictures, many people simply move along without looking deeper into it. If there was barely any information on the listing, people also tend to pass it by. After all, if the owner doesn't even both to list how many bedrooms or bathrooms the location has, how can you be sure they will be there if something goes wrong? While they can always call and try to get more information, it's always a better idea to list it from the start.

When you are posting a listing online, it is important to be as up front about as many things as possible. This includes what you have in the apartment, any amenity information you may have, your pet policy, and anything else that you might be able to think of. It is often a good idea to look up a list of things that people often ask about a new place of residence online and treat that as a template for what should be included in your listing. Alternatively, you can always trust Talley Property Management to do the leg work when it comes to listing your rental property. We know what people look for in a listing and what they want to hear. Let us help you get new residents with clear and well crafted listings today!

Finding the Right Place

Finding the Right Place
Trying to find the perfect place to live is a struggle under the most ideal of conditions. It is even more difficult when you are on a strictly fixed or limited budget. You may have special requirements that are unique, which further reduce the amount of places that you can move. This can make it seem impossible, especially if you're on a time limit. When it comes to finding a good fit, it can be more difficult than you ever imagined.

Trying to balance the amount of money that you can pay in rent and utilities with the amount of space you need gets exponentially more difficult the larger your family is. If there is only you or yourself and one other person, you might be able to get away with a one bedroom apartment depending on your relationship. However if you are someone with children, it can become prohibitively expensive. This is especially true if the kids are a little older and need their own rooms. Kids are expensive to begin with, so trying to pay for any school supplies, food, utilities they use, also paying for their own space can quickly become nearly impossible. Yet, it is still important that everyone is able to thrive where they are living.

Another issue that may limit your housing options is if you have certain medical requirements. While something like a service animal isn’t normally too much of a deal breaker, needing a completely wheelchair accessible apartment can be almost impossible to find. Not only would you need to find a bottom floor apartment without stairs into the location, you need to be sure that the doorways will accommodate you comfortably and the corners aren’t too sharp for you to turn through. Everything also needs to be at the correct height for you while you are in the chair, so things like bathrooms and kitchens can very quickly become problems.

Here at Talley, we are determined to help you find your dream home. We are dedicated to finding you a place that you love, regardless of any needs or restrictions you may have. We understand that everyone is different and will need different accommodations, so we are prepared to help everyone find the apartment that fits them perfectly. Give us a call today if you are looking for a new place to live and see what we can do to get you into one of our rental homes!

Keeping Up with Trends

Keeping Up with Trends
“The only thing constant is change”. This is a saying that was first attributed to a philosopher named Heraclitus around 500 B.C.E. While change may have been the only constant that Heraclitus believed in, this phrase has become a bit of a paradox because it has certainly shown itself to be true since then. Things seem to change at such a rapid pace that it can be hard to keep track of it all. Things like technology show this better than anything. In the past 25 years we have gone from most people having a hard wired phone line or two in the house, and perhaps one computer, to having no land lines and a phone and computer combination that fits in their pockets. We have seen the change from cassettes to CDs to digital music and now vinyl records are being used again. This also helps to illustrate the idea that what goes around comes around.

While this information may not seem like it has much of a place on a website that deals with property ownership or rentals, it actually illustrates a large issue that many owners have. Trends change a lot and housing styles are not immune. If you ever see a house that hasn’t been updated since the 1960’s or 1970’s, you’ll likely see things like shag carpeting and bathrooms with pink and/or blue tiles, bathtubs, and sinks. As I’m sure you know, this has not been a popular design in many years. People are tearing this style out of their homes and replacing it with something completely different. If there’s one thing we can be certain of, it is that in another 20 years or so, there will be a new style that is considered ideal and everything we have now will seem like those pink and blue bathrooms.

Preparing your rental property for a new tenant in a way that will make it appealing to modern residents isn’t always easy. We can help with some of the changes that may need to be made. If you call Talley Properties, we can let you know what we can do to help you out. We know that getting a place ready for a new tenant can take a long time and is often stressful. Our goal is to make that transition as easy and painless as possible for everyone involved. Give us a call today and see what we can do to help you out!

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