Landlord FAQ's: 3 Common Questions About Renting Out Your Property

New Monday, new week, new goals! If you’re a landlord or thinking about renting out your property, you probably have a few questions. At AspirePeak Properties, we get asked a lot of the same questions by property owners, so we’ve put together this helpful Landlord FAQ to address three of the most common ones. Whether you’re a first-time landlord or a seasoned investor, these answers will help you feel confident and prepared to rent out your property.

Landlord FAQ#1 - How Do I Know If My Property Is Rental Ready?

Before renting out your property, it’s important to ensure it’s rental ready. This means completing all necessary repairs and maintenance to make the property safe, functional, and appealing to tenants.

Here’s what rental-ready means:

• Repairs: All items in the property should be in working order. This includes fixing leaks, repairing appliances, and addressing any damages.

• Maintenance: Annual maintenance tasks, such as furnace and duct cleaning, gutter cleaning, and hot water tank servicing, should be completed.

  
  

At AspirePeak Properties, we provide an in-depth maintenance checklist for our property owners. This ensures that nothing is overlooked and your property is in top shape for new tenants.

Landlord FAQ#2 - How Long Does It Take to Find a Tenant?

The time it takes to find a tenant depends on several factors, including the time of year, how competitively your property is priced, and the quality of your marketing.

Here’s what you can expect:

• Average Time-to-Lease: Most properties rent within 30 to 60 days. (this also depends on time of year or market conditions)

• Why 45 Days Is Realistic: Many tenants start looking about 45 days before they plan to move. This gives them time to give notice at their current rental or to pack and prepare for their move.

  
  

At AspirePeak Properties, we use professional photos, floorplans, and virtual tours to showcase your property to prospective tenants. Our experienced property managers work tirelessly to ensure your property is rented as quickly as possible.

Landlord FAQ#3 - How Do I Know What My Property Will Rent For?

Determining the right rental price is crucial to attracting tenants and maximizing your income. Pricing too high can lead to longer vacancies, while pricing too low leaves money on the table.

Here’s how we help:

• Free Rental Evaluation: Book an appointment with AspirePeak Properties for a FREE rental evaluation.

• Market Comparisons: We provide an estimated rental range based on comparable properties in your area.

  
  

Our team uses tools like RentFaster.com to analyze active listings and rental statistics, ensuring your property is priced competitively.

Why Choose AspirePeak Properties?

At AspirePeak Properties, we specialize in helping landlords navigate the rental market with ease. From preparing your property to pricing it correctly and finding the right tenants, we handle it all so you don’t have to.

Ready to Rent Out Your Property? Contact us today to book your FREE rental evaluation and get started. Let us show you why we’re the trusted choice for property management in Alberta.

FREE Rental Evaluation