We’re Experts at Marketing Your Rental Property
(We rent it fast)
(We rent it fast)
Our Clients Say It Best
I have used RPM Greenville to manage my investment properties. Being in real estate myself I know my time is best spent working on sales, closing deals, and working with buyers and sellers. RPM handles my rentals in a professional, friendly manor.
Working with RPM Greenville is like working with friends. They are always available to answer any questions I may have, they take time to explain any issues that might arise, and my tenants always seem to be very happy and want to renew. Great Company.
Renting your property quickly is incredibly important. A vacant home is generally the largest expense to landlords and investors. Your top priority is keeping your property occupied, and the rental income coming in.
How long does it take?
On average, it takes homes 45-60 days to rent, and if its not priced right (or not rent ready) it can take upwards of 90 days. Rise Property Management Greenville, SC is the leader in marketing, showing, and renting properties quickly. On average, our properties rent within 30 days or less.
Pricing Your Property Right
The first thing to realize is that the rental market is not concerned with what your monthly mortgage is. Unfortunately rental price can not be set on this number. If you are holding out to get $1500 for your rental, but the market is set at $1200 for your property, you are simply delaying the inevitable. In general, rental prices do not change much within 90 day periods, so waiting for the market to turn to rent your home at a higher than market rate most likely will not work. Sometimes its hard to realize, but it all comes down to the math.
Lets assume market rent for your property is $1200 but you really want to hold out for $1500. After 2 months of sitting vacant you lower the price and rent it out at $1300 for a year lease. Including the two months it sat vacant: 12 x 1300 = $15,600 Divided by 14 months= $1114 a month
Now, if you set your home at market rate of $1200 and it rented right away, you would end up making $1204 more over the 14 month period. 14 x 1200 = $16,800 – (14 x 1114 = $15,596) Total = $1204
So in holding out for “more money” you did yourself a disservice and lost $1204 of income.
Rise Property Management Greenville has the right tools, expertise, and knowledge to set your market rate. Of course the decision is always yours, but understand our recommendation comes from extensive research.
Rent Ready Condition
There are a lot of rental properties out there. Your home needs to stand out as an exceptional rent ready property and Rise Property Management Greenville can help you with recommendations, suggestions, tips, as well as cleaning, repairs, and anything else to get you going. Or, if your budget prevents the home being in a 100% “rent ready” condition you will most likely need to make adjustments to the monthly rent to compensate. Generally a little up front investment goes a long way in your rental.