Many new San Diego landlords believe
- Time spent via phone for initial discussion: about 15 to 20 minutes
- Drive to property, show tenant inside and outside, all features: about 25 to 90 minutes
- Applicant will fill out paperwork, this varies greatly, anywhere from 15 minutes to 3 days or longer
- Car mileage: 57.5 cents per mile. If property is ten miles away, then total mileage deduction would be $11.50 per each time driven to your rental property
- Car gas – About one gallon per visit – about $2.50 per gallon
- Each showing will demand about 1.5 hours, $11 of wear & tear on car, and $2.50 in gas
A common trap that many new San Diego landlords fall into is showing the property once and accepting the first applicant with payment in hand. But 7 to 15 is the average number of rental property showings before finding a quality and qualified applicant. Following the above numbers per showing, doing 7 to 15 showings will drain around 10 to 20 hours of your time, $80-$230 for wear and tear on your car, and about $17 to $37 for car gasoline.
The above information should help you gain a better idea regarding the time and costs needed to show your property and plan accordingly.
Would you like to learn more about San Diego property management? The Realevate Specialists team is happy to help. Please contact us for more information.