Finding tenants for your rental property can be a difficult and even discouraging process. You may have had several potential tenants survey the property and turn it down, or maybe no one has contacted you at all. Whatever the case may be, our goal is to help you find the perfect tenants for your property as soon as possible. Here are 5 tips to help boost interest in your rental property.
1. Target Your Tenant
Analyzing and deciding which tenants would be best suited for your property will help you to prepare and furnish the estate accordingly. Consider the property’s location and what kinds of people are in the area looking for rental property. This information will weigh in on your decisions about the appearance of your property and the impression you’d like to give to your potential tenants.
Also, take note of the nature of the property itself. Does it lend itself to being home to a solitary college student, a family of five, or some newlyweds? Asking these questions can help you know how to prepare your property in order to attract the best audience.
2. Outside Appearance
You want to hear renters say it was love at first sight. The outside of your home should communicate that you have provided the proper care and preparation for this house to host new tenants. If the outside of your property looks disheveled and unappealing, it may be time for some minor renovations.
Pull the weeds and spread some fresh bark. Have the yard edged and the porch swept. Trim the bushes and replant patchy areas of grass. Maybe even have the outside of your house power-washed to remove excess dirt and paint over any chips. Do what is necessary to make your home presentable so renters can trust you with their security and comfort.
3. Interior Impression
People want a home they can enjoy living in, so how you display your home should be appealing and welcoming. Renters also want to know that the home has been well cared for and is a healthy and safe environment.
Dirty walls, chipped paint, stained carpet and leaky faucets are not going to attract a renter. A lack of care for the home will damage the renters confidence in your ability to maintain the home and provide for its needs. Instead, put the necessary time and funds into the house so that it is ready to welcome new residents.
4. Property Management
There are many benefits to partnering with a property management company. Not only do they know the in’s and out’s of generating interest in your property, but they can also handle the preparation and tenant-finding process for you. If you are looking for someone to partner with in the effort to create interest in your property, the assistance of a property management company might be just what you’re looking for.
5. Match the Market
If you are trying to get people to consider renting from you, but are having little success, it may be due in part to your rental rates. If the renter knows of a better offer elsewhere, why would they settle for yours? Getting people to be interested in your property means pricing it in line with the market, rather than pricing it too high and causing the competition to beat it every time a user views your property. You want your listing to stand out, rather than be tossed out.
If the hassle of determining a target tenant, preparing your property, and deciding on a rate to match the market seems overwhelming, we would like to help make things simpler for you. Here at North Pacific Property management, we specialize in matching tenants with perfect homes and helping renters generate interest in their property. For more information about our property management services, feel free to give us a call. We would love to have a conversation with you about how we can help you manage your rental properties. Call us, or fill out our contact form!