1. Check Out Comparable Homes
Looking at comparable properties on the market will give you an indication of realistic rental expectations. It will also reveal what sort of improvements might be necessary to make your property a competitive contender in the current market. Don’t forget to get in contact with a Real Estate Agent. They can assist you in correctly finding an amount that best suits your property.
2. Maintain Exterior
Ensure that your property’s exterior is clean, tidy and in good repair for a positive first impression. Some fresh paint, a manicured front lawn and a healthy garden creates a welcoming atmosphere and ensures any viewings will start off on the right foot.
3. Clean, Clean, Clean!
Invest in a professional deep clean of your property before having photos taken or setting any inspections. A fresh, clean space will always be more inviting to tenants and shows that you are a conscientious and considerate property owner.
4. Make Repairs
Walk through your property with a critical eye and make an honest assessment of its condition. Tackle any repairs before photographing and listing the property for rent – all plumbing and appliances should be in good working order, doors and windows should be functional and safe.
5. Garden Maintenance
Sorting out long term garden neglect can be a very costly endeavor, so consider hiring a gardener to make upkeep easy. Renting a home with a low maintenance garden they don’t have to worry about maintaining can increase your property’s appeal to tenants immensely and gives you peace of mind.
6. Use A Property Manager
Managing a rental property is a full time job, something most property owners already have! Property Managers are experts in their field, and enlisting their services can save you time, money, and stress. An experienced property manager will be able to assist in preparing your property for rent by organising quality photography, interior styling, property inspections and rental agreements. They understand what tenants are looking for, are up to date with tenancy laws, and specialise in helping you get the most out of your investment property. Enlisting a property manager eases the stress of self property management – the manager takes care of everything whilst keeping you in the loop with prompt communication.