Wondering how long it will take you to rent out a home in Roseville, California?
The answer may be somewhat disappointing.
The amount of time it takes to rent your home to a qualified tenant will depend on a number of things, including the current market, the competing properties, and even the time of year. We’ll also have to consider your property itself, particularly the location of your home, the type of home it happens to be, and the amount of rent you’re asking.
Limiting the amount of time your rental property is vacant will prove to be an important part of your investment strategy. An unoccupied property doesn’t earn any rent, so you want to make sure you get a great tenant in place as quickly as possible.
We’re often asked how long it will take to rent out a house or apartment in Roseville, and today we’re sharing some of the factors that play a role in the number of days your property is on the market. We’re also sharing some important tips that may help you get it rented faster.
Evaluate the Roseville Rental Market
The main factor in how long it will take to rent your property is the local rental market.
In the current Roseville rental market, we’re currently experiencing low vacancy rates. There’s far more demand than there is inventory, and that means you can expect your property to rent within three or four weeks of it being listed.
You’ll need to plan for the time it takes to create a listing, advertise and market the home, and work through showings and screenings. But, if you have an attractive, well-maintained home that’s priced accurately, you shouldn’t have to plan on a long vacancy in the current market.
Rental markets fluctuate just like sales markets. You might eventually find yourself in a market that’s very competitive for owners. If Roseville is flooded with rental properties just like yours and competition for tenants is tough, you may have to wait longer to rent out your property. You’ll need to budget for these market conditions and make plans to provide a more competitive, upgraded, and attractive rental home.
Seasons Can Affect Vacancy Rates
The rental market is actually very seasonal, even in Roseville, where we don’t have dramatic winters.
When you’re wondering how long it will take you to rent out your property, you need to keep in mind the time of year that it’s available.
During some times of the year, particularly throughout the winter months and over the holidays, things move a bit slower in the Roseville rental market. Tenants are usually more willing to move in the spring and the summer, making those seasons the best time to rent out a property. You’ll get your home rented faster and you will earn top rental rates.
If it’s within your control at all, make sure your property will be vacant and available during the late spring and into the early fall. You’ll get the most interest from tenants and you’ll find you can rent your home faster.
How to Rent Your Roseville Property Faster
Market and seasonal conditions aside, how can you be sure you’ll get your property rented as quickly as possible? You’ll want to provide an outstanding option for the tenants who are looking for a new home. You’ll also want to make sure it’s priced competitively.
- Pay Attention to Roseville Rental Property Condition
Well-maintained homes will always rent faster than homes that are older, worn, and in need of repairs and updates. If you want to rent your home quickly, make sure it’s going to stand out to high quality tenants. They are looking for a property that’s clean and modern. The exterior should be welcoming and free of debris, weeds, and dirt.
Create curb appeal so that you get the attention of potential renters. Make sure everything in the property works, and consider investing in minor upgrades and updates. Fresh paint and new floors will help you rent your property faster, as will new light fixtures and energy-efficient appliances.
- Price the Roseville Rental Property Correctly
Another way to ensure your property rents as quickly as possible is to make sure you have the correct rental price attached to the home. Obviously, you want to earn as much as possible in rent every month. But, if you overprice the house you’re trying to rent, you’re going to lose good tenants and you’ll likely face a longer vacancy.
Today’s renters know what properties are worth, and they will not pay more than they have to. If your home is even a few dollars above market rent, tenants will look elsewhere. It’s not worth losing an entire month’s rent on a longer vacancy just to hold out for a higher rent. In the long term, you’ll lose money. Take a close look at what similar properties in your neighborhood are renting for, and make sure you’re in the right range.
These are just a few of the things that impact the amount of time it will take to rent your home. Make sure you have a great marketing plan and a responsive showing process.
Roseville Property Management Leads to Faster Leasing
If you really want to rent your property out as quickly as possible and for the most money possible and to the best tenants on the market, you need to consider professional Roseville property management. Property managers have access to technology that makes the entire process move a lot faster. We can syndicate ads, set up showings right away, and respond to any questions that prospective tenants have about your home. We also have access to data that can help us price your property effectively.
Managing on your own might be fine if you have the time and the experience. But, when it comes to leasing your Roseville rental property, you’ll reduce your vacancy loss and increase what you earn by working with a Roseville property management partner.
We can tell you more and give you an estimate of how quickly we think your property will rent. Contact our team at Action Properties.