If you're out of town, property management is likely the way to go.
General advice I go by: Price your property competitively(slightly lower) than others like it. It will help you generate more interest, and be able to pick between various good renters.
In the end, having a good renter is worth the extra $50-$100/month you might have been able to get if you had gone for top dollar.
Method for showings: Place your ad & tell all inquiries you will be showing the place at a set date/time.(eg. 2PM Saturday)
This way everyone shows up at the same time and you do group tours. Have a credit app & rental application ready for any who want it, then select out of those who apply if you like them.
My friend uses this method & it saves him from having to go back/forth for showings. Also makes it seem like the place is in demand, and gets him the rent he wants.
Last edited by Winsor_Pilates; 07-06-2011 at 11:44 AM.
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