Back Icon Back to Blog

Spring Preparation Part II: The Team

 

After the winter hibernation, the housing market is back in action. Most one-year leases are up, tax checks are in, and people are going to be looking for places to live. Now that you have prepared your property for spring, it’s time to get your team prepared. While you should have been preparing in late winter, it’s never to late to start to make sure your spring starts off right!

Be Available

As the weather starts to warm up, especially in the Midwest, activity will increase. During the winter months, showings later in the day were pretty much obsolete because of the extreme temperatures. Being available will keep current tenants happy and will keep a steady stream of potential tenants coming in.

Have Incentives

Incentives like $200 off first month’s rent, or discounts for signing a 2-year lease, are great ways to attract a crowd. Think about it, there are a ton of rental properties out there, so you have to figure out a way to stand out. What better way to do that than by offering something for a free or discounted price?

Available Homes

The last thing you want to do is watch homes rent while your sitting idle. If you have a home that recently became vacant, make sure you have a quick, but effective turnover. The opportunity for buying homes is also on the rise, so your acquisition team should be doing their do diligence to keep a pool of potential homes to buy.

Signs & Automatic Mailings

There are many ways your acquisitions team can prepare for the spring. Being more diligent about placing signs at your rental properties will increase your company’s visibility. Mailers are also a great way to get an owners attention. Stating that you’ll buy the home in cash and as is, is a great way to make deals happen quick.

Maintenance

Spring is the time to make sure your rental properties have the best curb appeal possible. Having a scheduled mowing list will make sure you don’t end up with a grass jungle in the front yard. It’s a time to check your basement for dampness that could lead to mold. Having a clear list for your maintenance team will all but ensure that your house are move in ready.

Now that you have your rental properties in great shape and your team clicking on all cylinders, you are ready to take on the spring and summer!

Ready to invest in real estate?

We make real estate investing simpler, more transparent, and accessible to individual investors.

Jacob Blackett

Originally from Reno, Nevada, Jacob began his real estate career in 2010 as a sophomore at the University of Nevada, Reno, when he bought and sold his first two residential “fix and flip” properties in Southern California.

In 2014 Jacob founded Holdfolio and by the end of 2019, Holdfolio had amassed a rental portfolio of 141 single-family homes and 412 apartment units. At this time Holdfolio was fully vertically integrated, meaning they were operating every aspect of the investment cycle which included acquisitions, procuring bank loans, raising capital from investors, running a full-service property management company, a licensed construction company, and performing their own asset management.

Fueled by low interest rates and strong rent growth, real estate values increased steadily and dramatically between 2010 and 2020, and by early 2020 Holdfolio could not pay as much as other firms on new acquisitions. Jacob took this as an opportunity to sell all of Holdfolio’s holdings and pivot the business model to see more deal flow and invest with much larger and more experienced firms, which is how Holdfolio operates today.

Follow Jacob on:

Ready to invest in real estate?

We make real estate investing simpler, more transparent, and accessible to individual investors.