Spencer Sutton - Wednesday, June 13, 2018
Want to rent your Nashville house fast?
Unfortunately, there is no silver bullet when it’s time to rent your Nashville house.
And to highlight the issue, the most common questions we receive at gkhouses is, “How long will it take you to find a tenant for my home.”
This is a valid question. And it’s a question that you need to consider even before renting your home.
But while it’s a valid question, it is also a tricky one. We don’t believe that there is a clear-cut answer to the issue. How quickly you rent your Nashville home depends on several factors.
In this article, we are going to discuss three tips to rent your Nashville home fast.
You may feel this is a bit too obvious, but I can promise you that it isn’t. When we bring this point up to owners, a lot of time they dismiss it because they have a set price in their head for rent.
No matter what your neighbor receives in rent or what your friend told you should charge if it’s not market rent, you won’t rent your home fast.
Prospective tenants are smart. And they don’t necessarily want to pay more than they need to for rent. Especially if they’re signing a one-year lease.
That is why your rental home price needs to be what the market is willing to bear. In Nashville, it’s especially important because if you start off too high, your best prospective tenants could find something similar for less down the road.
Even in a hot housing market like Nashville, finding a great tenant fast is no guarantee if your home is not priced right.
Your home is the product. In our article about how to keep a tenant for 20 years, we specifically speak about the house is an essential factor.
Not just in the way you present and market the home, but also in the layout. A house with a funky floorplan, a steep driveway, and a next to a busy road usually won’t rent in the first ten days.
The perfect tenant for this home is not the everyday tenant. It is going to take one that is special.
We also like to stress to owners how important it is for the house to be in great shape. Many homeowners (especially if they’re investors) want to save money. We understand the importance of stretching your dollar.
However, providing a tenant with a great house to live in might increase your chances of keeping them for a long time.
I have personally had tenants in my houses for over nine years. One of the reasons they have stayed so long is that I provided them with a great home from day one.
A simple tip is to look at the paint job in your bedrooms. If you have children and one of the rooms is pink, you may consider painting it a neutral color. Your goal is to appeal to the broad market of potential tenants who can afford your home.
3. Time of Year
It’s true, our Nashville property management business picks up tremendously in the late spring. Everyone knows that the summer is the best time to sell a house. The same is true if you want to rent your home.
Your chances of finding a great tenant increase starting in May. It’s not surprising since most people prefer to move in the summer.
Sometimes they prefer to move because of school schedules. Or they may prefer to move during summer because of the beautiful weather. No matter the reason, if you have the opportunity to rent your Nashville house during summer, it’s your best bet!
If you want to rent your Nashville house fast, think about the three things in this article – Price, Product, and Time of Year. These are the three factors that will most determine if your house is on the market for a few days or for several weeks.
If you would like to speak with our Nashville team leader, call us at (615) 925-3880 ext 3. You can also fill out the form on this page.