Make More Money on Your Rental Properties by Hiring Signal Real Estate Services
The best way to increase revenue in your rental properties, is not by having MORE, but making more money on your current portfolio.
Decrease vacancy- by hiring Signal Real Estate Services, you will decrease vacancies by aiming for a long-term tenant that creates low turnover. When turnover occurs, create the last turnaround time as possible. Signal does this for their owners.
Minimize turnover- turnover costs money in many ways: marketing, patching/painting walls, replacing floors, and vacancy itself. One of the goals of Signal and your property is to find tenants that take care of your property and pay consistently. We work with you to do all we can to keep good tenants!
Increase rent strategically- with over 25 years of experience in property management, Perry works with his owners to strategically increase rent on long-term tenants to create balance between property value and loyal tenancy.
Be diligent on late fees- Showing kindness does not mean being pushover. Hiring Signal allows us to be the liaison between the owner and tenant- therefore, allowing rent collection and late fees to be stress-free.
Add revenue services- For multi-family properties, think about adding services such as coin-operated laundry, vending machines, etc. that will provide revenue, but also add resale value. In single-family homes, offer home cleaning and landscaping services when they sign the lease. Tenants are more apt to pay extra to avoid additional responsibilities. Signal has referral vendors that will offer the best rates for you to increase your revenue.
Less is more when it comes to operating a smaller number of properties more intelligently.