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Rental Home Business (Current Market Problems (Lack of supply (There is…
Rental Home Business
Current Market Problems
Lack of supply
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There is not a large enough selection of communities to rent in, some communities simply have zero rental availability.
Lack of quality
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Majority are just passable in condition, in just good enough condition to rent out.
Poor Management
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Many are self managed by the owner, who often has little experience and does not know how to effectively manage and serve the tenants needs.
Many renters never want to rent again because of bad experiences with landlords or property managers.
Who Will Buy (Rent)
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Repeat customers.
When we take care of our tenants in this way, there will be many who will stay for along time, or will rent multiple times.
We will have proven our loyalty and dedication to quality and service, and this will convince the tenants to stay with us long term.
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Competitive Advantage
Reputation
With these standards for quality, variety, and service, the business we provide to the community will give us a fantastic reputation.
This reputation will bring us more business, as people always prefer to use a company they have heard good things about.
Having a good reputation with the community will give us countless more advantages, including that the local towns will be happy to work with us over others.
Systems
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This will allow us to operate more effectively, we will close more deals, rent more houses, and help more customers.
Passion
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This passion creates a much more effective workforce, we will be able to better help our customers since we have a clear vision in our minds.
Problems solved
Supply
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My business will diversify with a wide variety of local areas to rent, low class, mid class, high class etc.
With this plan, potential renters will have ample selection to find just the home they are looking for.
Quality
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Materials used in remodeling, periodic repairs, and updating will all be done with good materials and installed by professional contractors.
i will take pride in the look and condition of these homes personally, offering this for my customers is of the utmost importance.
Quality Managament
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I will choose only managers that are passionate and dedicated to helping my tenants have the best possible renting experience.