When you own an investment property, one of your goals will be to get the highest monthly rental with the lowest vacancy rate. How can you accomplish this?
It pays to keep your property in good condition while you are trying to rent it, as well as after the new tenants move in. You obviously want the property to look its best when it is being shown. If you work to keep it that way, your tenants are more likely to feel motivated to stay in the home.
When something needs to be repaired, be sure the tenants know whom to call to get the job done. Arrange for periodic inspections of the property to check for leaking roofs or pipes, defective wiring or malfunctioning appliances. If you are an absentee landlord, it makes sense to hire property management professionals to keep a close eye on your investment for you.
The Luby Group - Suzanne & Liz Luby - IL Licensees Coldwell Banker 530 North Hough Street Suite 180 Barrington, IL 60010 Suzanne: 847-922-7773 Liz: 847-691-3150 Office: 847-277-2777 Fax: 847-382-4990 Luby@TheLubyGroup.com
Suzanne and Liz Luby begin each client relationship with a simple commitment to superior service. With more than twenty years of experience in the Barrington, Inverness and Chicago Northwest Suburban markets, Suzanne and Liz Luby offer home buyers and sellers expert real estate guidance based on the highest professional and ethical standards.
The Lubys believe their business is about building lasting relationships through communication, trust, knowledge and expertise. Their team approach has consistently ranked them among the top 100 of Coldwell Bankers’ Chicagoland agents, and top 1% nationally.
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