Follow These Steps

A lawyer can make sure there are no holes in your lease agreement that will cost you revenue. If your lease is missing just one term or clause, the tenant may be able to underpay or leave damages unrepaired upon move out. A lawyer should also make sure that your lease is in accordance with fair housing laws. Owners that are found in violation put their revenue at risk, so employing legal counsel is a precautionary step to ensure you don’t miss out on rent or other monies owed. 

Make sure there is nothing at your rental property that could cause harm or injury to a tenant. Landlords have an obligation to provide a safe and habitable living space and will want to if they also have a desire to maximize revenue! If during a lease term, your property is deemed unsafe or unlivable, your tenant may be able to go without paying rent or sue you for not providing a safe living environment as promised. 

Make sure you set qualifications that you’re comfortable accepting. High quality tenants pay their rent on time, alert landlords to maintenance issues quickly, and don’t do excessive damage. All the qualities you’ll find in a good tenant mean more income at your properties. Clearly identifying your rental criteria will save time in screening applicants as well. And less time in screening and showing means shorter vacancy with increased revenue! 

The better your rental looks, the better your chance to lock in a top rate! Landscaping, painting, and cleaning are usually the quickest and cheapest steps an owner can take to bring in higher rents. Landscaping is the first thing people see when they drive by your property or arrive for a showing. In order to maximize your revenue, maintain the landscaping to create a strong and lasting impression. Same thing goes for painting and cleaning inside of your property. In Robert C. White & Company’s thousands of units of experience, a freshly painted and cleaned unit rents faster and for a higher rate.