Renting to relocating professionals is one of the best ways to secure a qualified tenant and maximize rental profits. In these situations you often will deal directly with the company’s relocation department which allows for easy verification of the tenant income and their long term employment status. One plus side of renting to relocating professionals is that they may be a future buyer of your property if you are a circumstance landlord. A circumstance landlord is one who becomes a landlord due to a circumstance beyond their control such as a relocation or inability to sell their home after purchasing another one. Another plus side is that if the company decides to relocate the tenant again, they will most certainly pay to buy the tenant out of their lease. If you have prepared your lease properly this can be a very profitable transaction. You could potentially re rent your property upon vacancy while keeping the profits of a lease buy out.
This is where using a nationally recognized property management company with over 200 franchise locations such as Real Property Management Partners can make the difference. Marketing your property correctly to relocating professionals can contribute greatly to your property management success. From the advertised pictures, the advertised property description, the portal you choose to carry your advertisement, and response time to inquiries, the prospective relocating professional will have a lasting first impression of your property versus the competition. Once the prospective tenant perceives your property is of higher value than the competition, your vacancy to lease time will begin to decrease. Whether your property is located in Birmingham, Hoover, or Tuscaloosa, Alabama let us help you create a marketing plan for your property and show you how to maximize your rental profits today.
Contact Real Property Management Partners today for a free property assessment and a free rental market rate analysis.
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