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Eric Fernwood
  • Realtor
  • Las Vegas, NV
1,674
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971
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What Makes a Rental Property Easy — or Hard — to Rent

Eric Fernwood
  • Realtor
  • Las Vegas, NV
Posted

Why do some rental properties lease within days while others sit on the market for months?

After 17+ years in the business and more than 600 investment properties delivered, I’ve learned that rentability is not random. Neither is vacancy. 

It comes down to how tenants actually search.

Renters follow a two-step process. First they eliminate — anything that doesn't meet their basic requirements on rent, bedrooms, bathrooms, garage, location, and layout gets cut before they ever schedule a showing.  Then they select — from what survives, they rank and compare based on condition, curb appeal, photos, and finishes.

Most landlord mistakes happen at the elimination stage. To keep the post at a reasonable length, I'm only listing a few I see over and over:

Overpricing. Tenants don't negotiate rent. They move on. Price it wrong on day one and you're already behind.

Bad photos. Photos are usually the first showing. Dark, small, uninviting photos mean no in-person visit — even for a great property.

Decorating to your own taste. You will not live there. Your preferences don't matter. The tenant segment's preferences do. I watched a property sit for two months because the owner painted it emerald green and thought bold design justified above-market rent. It rented shortly after being repainted a neutral tan.

Skipping the $350 landscaping job. I had a client who renovated the entire interior but left the front yard with dirt, rocks, and broken glass. Comparable homes rented in two weeks. His sat for three months and rented below market. The landscaper quoted $350. He passed. That decision cost roughly $6,000 in lost rent.

The list can go on.

The bottom line: The property never pays the rent. The tenant does. Acquire and prepare a property from the perspective of your target tenant demographic.

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FERNWOOD Team, KW VIP Realty
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G. Brian Davis
  • Investor
  • Hatboro, PA
777
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2,872
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G. Brian Davis
  • Investor
  • Hatboro, PA
Replied

Rentability is a product market fit issue. Price, photos, layout, condition, and curb appeal all have to match what that renter actually wants. A good rental that tenants skip is not a good rental.

  • G. Brian Davis
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