Attention Boston property owners. If you own or manage an unoccupied Boston apartment, you’re probably starting to feel a sense of panic. When the fall starts turning into winter, the number of tenants looking for a vacant apartment often goes down considerably compared with the September market. Every day that your apartment remains empty is costing you money. Have you sat down and calculated how much cash you’re losing? We’re most likely talking thousands of dollars per month. You are also paying very high property taxes, and MA has some of the highest utility costs in the country.
You purchased your rental property to make money, not lose it. The good news is that there are always people looking to move to Boston. You might want to start playing chess, not checkers, in how you approach a winning strategy in getting your place leased up fast.
It is time to do whatever it takes in order to catch the attention of the right tenant. Here are some solid tips on how Boston property owners can greatly reduce apartment turnaround time.
Take Care of Any Maintenance Issues ASAP
When potential tenants are touring your property in person, they are looking at every aspect of the unit. You can dazzle them with an amazing kitchen and refinished wood floors. However, if the apartment is not properly maintained, it can be a huge turn-off for your potential tenants. Boston apartments are expensive. That can make people picky. They want to live in a place that is well-maintained, something they can bring their friends and family to without feeling embarrassed. You should approach your investment property as if you were going to move into it yourself. For example, if there are any issues with water pressure or appliances, you want to fix them right away. Take extreme ownership of any and all issues that might…