How To Get The Most ROI From Your Single Family Rental In 2022
Are you searching for tips on how to get the most ROI from your rental property in 2022? If so, you’ve come to the right place!
Focusing on return on investment is one of the keys to success with owning rental properties and you can get more ROI from your single family rentals by following these tips.
Commit To Proactive Maintenance
The first way to get the most ROI from your single family rental property is to focus on keeping that property consistently in move in ready condition.
This is important because, if your property requires little maintenance to get it ready for the next tenant, you will have a shorter vacancy and be able to rent that property quickly.
Besides having shorter vacancies, proactive maintenance also means that you will have less expensive maintenance repairs during the year and this will also help you to keep your cash flow in the black as well.
Improve Your Marketing And Screening Processes
Another way to get more ROI from your rental property is to improve your marketing and screening processes.
You should be focusing on taking higher quality pictures and video of your property as well as creating a virtual tour as well to ensure that prospective tenants are able to get a clear picture of everything that your rental property offers.
Once you have the collateral for an improved listing, your focus should be to use tools like Rently to screen tenants because they offer enhanced tenant screening tools which will enable you to screen the most qualified tenants possible.
Hire A Property Manager
Last of all, but most important, the absolute best thing that you can do to get more ROI from your rental property is to hire a property manager.
A professional property manager will ensure that your property is rented for top dollar while handling tasks like maintenance, customer service and rent collection, so you don’t have to.
Contact Rent Portland Homes – Professionals
At Rent Portland Homes – Professionals, we offer professional property management for single family and multifamily properties in Beaverton, and the surrounding PDX area.
To learn more about the services we can offer you, contact us today by calling (503) 447-7735 or click here to connect with us online.