A vacancy is the number one cause of money loss. Property owners lose thousands of dollars because of prolonged vacancy periods. It is typically the highest expense for a rental property and you need to avoid them as much as possible. 

A vacancy can happen for several reasons:  

  • A tenant might decide to move because of factors such as rent amount or maintenance not being performed
  • A tenant might be transferred because of the military
  • A tenant might lose their jobs  
  • A property is priced too high

Every month that your property is vacant you are not producing cash flow. You also have to take into account that every time a tenant moves out you need to prepare the house for your next tenant and this will cost you money. When the house is vacant it is an opportunity for you to get into the property, assess it very quickly and get it ready for the next tenant to move in. You want to fill vacancies fast and make sure you place a good tenant in your property quickly. Here are a few tips to fill vacancies with a great tenant: 

  • Make Improvements to your home
  • Have the unit professionally clean
  • Have the carpets professionally cleaned
  • Drywall touch up 
  • Put a fresh layer of paint on the walls
  • Clean windows
  • Fix anything that is broken
  • Check that all appliances are working
  • Make sure the grass is cut 
  • If the paint is wearing out repaint property 
  • Place for rent sign outside the property
  • Spray for pests

 

If the house looks bad it gives a poor impression and that may only attract bad tenants. 

 

Market the property 

  • Take HD photos of the property 
  • Write a detailed rental description
  • Put a yard sign
  • Market rental listings online: Hotpads, Trulia, Oodle & Zillow
  • Market rental listings offline: post an ad in the local paper & on bulletin boards at local restaurants, shops, and schools 

 

Price Your Property Appropriately

Ask a professional. Will help you calculate your rent price for free!

Click on the link below!

I’m an Owner – Kokomo Property Management

Bethan Johnson

Turn Coordinator

Bethan is a Property Manager Assistant. She performs all property inspection and evaluations, creates tenant invoices and oversees disposition of security deposits.

Why choose CRM Properties?

We have the best selection of homes in the Kokomo area. Our staff’s dedication to customer service leads to a swift response to maintenance and tenant questions.

 

What is your screening process?

We verify income with copies of pay stubs and verification from your employer. We check court records for any judgments and criminal activity. We also contact your previous landlords directly for a referral. We will verify that the person we call is actually your landlord.

 

Are pets allowed?

Most homes allow pets. We do have breed and size restrictions. We limit the number of allowed pets and you must provide proof of vaccinations on all pets. We charge an additional $25 per month and $150 additional deposit.

 

How much is the damage deposit?

The damage deposit is equal to one month’s rent. An additional $150 is required for all pets.

 

How long of a lease must I sign?

Our leases are typically one year. During winter months we structure our leases to expire during the spring.

 

How do I pay my rent?

You can pay rent in person with a personal check, cashier’s check or money order. You may set up an e-payment or direct deposit. You may also mail your rent or use our dropbox.

 

What happens if I can’t pay my rent on time?

We do not make arrangements on rent. Rent is due on the 1st of each month. Late fees start on the 5th. If we do not receive rent by the 15th we file an eviction. You may stop the eviction if you pay rent in full prior to the eviction date.

 

How are utilities handled?

Utilities are typically the tenant’s responsibility. Utilities must be transferred into the tenants name prior to signing the lease. If the tenant is responsible for the sanitation bill and fails to pay it, we reserve the right to increase the monthly rent and include sanitation in the rent.

 

What do I do if I have a maintenance request?

Why choose CRM Properties?

 

What do you charge?

 

When do I get paid?

 

How much is the damage deposit?

 

How long will it take to get my property rented?

 

How do you market my property?

 

What is your approval process for tenants?

 

What is the tenant deposit and length of lease?

 

Do you accept pets?

 

What is the eviction process?

Amanda Mendenhall

Leasing Agent

Amanda is our Leasing Agent. She oversees property showings and screens applicants.

Bethany Shoffner

Portfolio Manager

Bethany is one of our Property Managers. She is the single point of contact for owners and oversees the tenant experience.

Hannah Dobbins

Resident Service Coordinator

Julie Mullinax

Operations Manager

Julie is our Operations Manager. She oversees the staff and the day to day operations of our company.

Heather Johnson

Property Manager

Heather is one of our Property Managers. She is the single point of contact for owners and oversees the tenant experience

Jennifer Koenig

Resident Services Coordinator

Jennifer is our Office Assistant. She assists the Property Managers with all property and social media marketing.

Amanda Marshall

Maintenance Coordinator

Theresa Cain-Rush

Property Management Assistant

Darin Olson

Maintenance Manager

Darin is our Maintenance Manager. He investigates maintenance issues and offers suggestions and estimates for repairs.

Lynda Simpson

Bookkeeper

Lynda is our Bookkeeper. She handles all accounts payable and receivables. She also coordinates all owner and tenant billing.

Chris Mullinax

Broker Owner & New Business Development

As President and Owner of CRM Properties Chris helps generate new business and works on making sure the business is compliant with all local, state and national laws and ordinances.

Call us at (765) 459-8034 during business hours.

We guarantee that a team member will be on the other end to answer any questions you may have.

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