There are a number of factors that affect how quickly you’re able to rent out your Portland, OR home. Even the time of year can have an impact on the amount of time it takes for you to find a qualified tenant. During the spring and the summer, you should be able to find a good tenant in the first two or three weeks that your property is listed in on the market. If you’re renting your place out during the fall or the winter, it could take between four and six weeks to get a qualified tenant interested in your home. Other considerations include price and condition.
Pricing Your Property
When you price your property aggressively, you are far more likely to find a tenant faster. When you mark it up a little higher than the current market demands, it will take you a longer time to find an interested tenant. Homes that are priced at the market or even a bit lower will rent much faster. Finding just the right price point can be a bit of an art form. When you have a good property at the right price, you’ll be able to rent it out within 30 days, regardless of the market strength or the time of year.
Consider how well your property shows. If you’re available to show the place to prospective tenants at all times and there’s great lighting and amenities, it will rent faster. The house has to look good and it needs the kind of curb appeal that draws people to it. You’ll have much better success when your potential tenants are able to visualize their family and their possessions in the house. Show a property that looks great and functions well when you want to rent it quickly.
Pay attention to the price point and the condition of the home, and you’ll get the property rented to great tenants in a short amount of time. Contact Mainlander Property Management if you need any help with your plans.