Finding reliable tenants is one of the most important and sometimes difficult in property ownership. One of the good thing about reliable tenant is they will be able to pay you rent on time, May likely prefer to stay with you for a long time, and has a low chance of causing damage to your property or disrupting your other tenants. A nice tenant, hence, makes your rental property more profitable all while causing less stress for you over the long term. You can surely attract them to your property by maintaining it to the good level there are a lot of things that can attract tenants to the property it could be color, doors, rooms, terrace and some major security options like Main smoke alarm installation and much more, here we would like to provide some ways to make your property attractive to the tenants.
1. Set the Right Price:
Deciding a rent price is rarely straightforward, but it’s a vital variable to consider if you want to attract the right tenants for your property. The most smartest way to set rent prices is to see what other landlords in the area are charging and mimic them (adding or subtracting to compensate for the differences your property offers). With that being said, you can set your prices lower; this will surely increase the number of candidates you get and could fill your property faster. One of the dark side is that these tenants may have less income or less reliable income, and because you’ll be getting more applications, you’ll also be dealing with more low-quality tenants.
2. Offer Extra Perks:
Sometimes it happens that you may not be able to completely remodel, but you can offer some extra perks for your tenants that “sweeten the pot.” For example, you could provide onsite dryers and washers to make it more convenient for your tenants to do laundry, or you might can offer free internet access to the unit as an added luxury. Perks serve as good tiebreakers between competing units, so they possess to make the difference in the types of tenants you receive applications from
3. Work on the Bathroom and Kitchen:
The most important two rooms for your property are kitchen and the bathroom, so if are able to afford to make upgrades, make them here. The difference between an old and new bathtub, or between old and new countertops, can make a significant difference in the eyes of a stable, choosy tenant. Plus, you’ll be able to charge more for rent, and you’ll increase the value of your property at the same time. Bathroom and Kitchen remodels can get expensive, but they’ll be able to provide you a positive ROI in the span of just a few years.
4. Advertise Thoughtfully:
Advertising is the major part for anything in which you want to grab the attention of people If you know you can appeal to a certain audience, Make sure to target your marketing and advertising toward them. For example, if you’re seeking young families, you can emphasize the proximity of schools, or if you’re trying to attract professionals, you can mention how easy it is to get downtown on weekdays from your property. You’ll also want to take lots of images and videos of your property to include in your advertising and get them professionally done, if you can. Attractive, accurate imagery will entice better and more interested tenants.