A.D. CANTELMO REALTY/TONY CANTELMO
BROKER
TONY CANTELMO

A.D. Cantelmo Property Management
Our Business is Property Management Orange County California


How to get the most for your rental

     In my business, I obviously am always trying to get the most money for the properties I manage. Just like when you sell a property, everyone who is looking to lease a property has an enormous amount of information about where rents are in any specific area. So the big question, if everyone know what rents go for in the area, how do better.

     Even though in many respects, renting a property is similar to selling a property, but there are differences. For example, when you want to buy a property, the last thing you want to do is pay a premium even if you really like the Home and the area. Buying a home is an investment and you need to think of it in those terms. Not only do you need to watch your monthly payment, but you want to make sure that your investment is going to be profitable when you decide to sell. Renting a property is short term and not an investment. When people rent a Home, they do so for many reasons. Location is the number one reason, and of course price. What the property is worth 5 years down the line, is of no concern to the renter.

     Because renting a property is short term and location is a primary reason for renting a certain home. Even if the properties in the area are renting for a comprable price, it doesn’t mean you are stuck in that price range. I have rented many properties for much more then the area properties rented for, not because the home I was renting was any better, but for nothing more complicated than good timing.

     First of all, people rent properties all year long, so when you hear that certain months are bad for renting properties, ignore that. Sure, people with children in school, want to be settled before the school year starts, but not everyone has a choice when to move. They may be moving for a job, or maybe the property they have been living in will no longer be available to rent, or maybe they sold their personal residence and need a place to live until they find a new home to purchase. There are all kinds of reasons that people need to find a rental property.

     So let’s get back to how you get the most for your property. First, if you are going to price your property higher than the comparable properties in the area, you need to be patient. If you need to rent your property quickly, you should price your property at the market rate. The first thing I ask a client is, do you have time, or do you need a quick Tenant. Then, make sure you make the property available for many showings. Even though it only takes one person who loves your property and is willing to pay more, you may need to show it to many times to find that one perfect renter. Sometimes you get lucky and the perfect renter comes quick, but never count on that. Make sure your property is clean and shows well. Most people don’t want to rent a messy property. You want people to walk in and feel comfortable. I’m not saying pay a lot of money to upgrade your rental, but you want to make it appealing. The other thing, is remember that if you don’t want pet’s, you cut out a large percentage of renters and many people with pets will pay a premium if they find a property that suits them.

     One last thing to remember, you should always have the attitude that you want to put people in the property and not have the attitude that the renter is lucky if you allow them to rent your property. When you look down on people just because they may not make a good first impression, you make a big mistake. People are nervous and they never know how you are going to react to them, so be welcoming and treat everyone as if they are going to be the perfect Tenant.





   A.D. Cantelmo Property Management
Specializes in Property Management Orange County Ca.

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What my clients are saying  

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

5 reviews 5.0 star rating 1/21/2016 I was tired of using a large management team to manage my investment property. I felt I was always on the back burner. I was recommended to Tony from a business associate, he assured me I would be very pleased. Well that was an understatement, Tony is amazing. He's above all honest and always available for my concerns. I'm not as well versed as other investors with property management and maintenance and tenant relations, Tony has been an excellent partner and has guided me through quite a bit of needed repairs and worked far beyond what was expected to help turn my little investment into quite a prosperous investment, If what your looking for is prompt return calls, honest direction and someone very knowledgeable with general contractors and real estate laws, Tony is your man. Angela

 

~ Angela

"10 out of 10 I am so Happy Since I left my old company and I joined AD Cantelmo Property Co I am stress free I live in a different state and this company watches my house and always Mr Tony Cantelmo is on top of things I really want to thank you for what you do for me and I would really Recomend this Company to any and every one Thank You again. Shawn" ------------------- "I need to trust the people I work with and I trust Tony. He stays on tops of things, communicates well, and gets things done. He not only gets things done but he gets things done the right way. Jim"

 

~ Shawn

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