48 hours. facebook marketplace. good market pricing. extreme fast screening. I do screen based on jobs mainly and not credit score. My best bet is when there are two persons working in singe family.
We're in CA it's pretty crazy man, we sell our home, we got 3 DOM, we rent place, 4 DOM.
The time it takes to rent out a renovated house can vary depending on various factors like the location, rental market conditions, property features, and the rental price. On average, it might take anywhere from a few days to a few weeks or even a couple of months to secure tenants for a renovated property.
Here are some strategies to potentially speed up the process of finding tenants for a renovated house:
1. **Set the Right Rental Price:** Research the local market to determine a competitive yet reasonable rental price. If it's too high, it might deter potential tenants; if it's too low, it might raise suspicions about the property's quality.
2. **Professional Marketing:** Use high-quality photos and create appealing listings on various rental platforms, social media, and real estate websites. Highlight the renovated features and amenities.
3. **Enhance Curb Appeal:** First impressions matter. Ensure the property's exterior is attractive and well-maintained. A neat and inviting exterior can draw in more prospective tenants.
4. **Make Necessary Repairs:** Ensure everything is in working order. Address any issues or repairs promptly. A well-maintained property can attract tenants more quickly.
5. **Offer Incentives:** Consider offering move-in specials or incentives such as a discounted rent for the first month or other perks to attract tenants.
6. **Flexible Viewing Times:** Be flexible with showing times to accommodate potential tenants' schedules. Consider virtual tours as well, which can expand your reach to those unable to visit in person.
7. **Screen Tenants Efficiently:** Once you start receiving applications, vet potential tenants thoroughly. Check references, credit history, and conduct background checks to ensure a reliable tenant.
Remember, each property and rental market is unique, so employing a combination of these strategies might help you find tenants more quickly.
Our rentals are in the the South Atlanta metro area and we generally get tenants within 6 weeks. Our rent rates are at the top of the market for other comparable properties.
Regarding my location, I'm in the Boston area. Typically, this takes anywhere from 2-3 days to about 1 week at the most. You can do a fast screening process with using things like social media and a job screening. A simple resume can help with that. If it feels weird, do a credit check. It's better to be safe than sorry. What good is it to have a body in your place that isn't paying? Food for thought. Good luck and happy holidays!
@Justin Brin The last listing I put up on Facebook marketplace I left up for 24 hours and had 73 inquiries and about 35 completed applications within 48 hours. I had a lease signed and tenants moved in 4 days after the initial 48 hours. Now 2 weeks later and the ad has been down since the initial 24 hours, somehow people are still seeing it somewhere and I’m still getting at least 7 inquiries a day.