If you have a property to rent out, you’ll definitely want to get a tenant in there as soon as possible. If you find yourself struggling to find a tenant to move in, don’t panic!
Not renting out your property quickly could be due to many reasons, following the tips below may help speed things up.
Picture Perfect – Taking Quality Photos
The first thing you will want to do is post quality photos. Sure, iPhones take great pictures these days, but nothing compares to professional looking photos that are strategically angled and highlight the home’s assets. Paying a little extra for a professional to come in may be worth it in the long run.
They know how to get the best shots from the perfect perspective. Quality photos are going to get you quality clients. These pictures are what will initially get the renters attention. They will also see that you take pride in your property and want to see that it is well taken care of.
Details, Details, Details – Having a Well-Described Listing
You’ll also want to make sure that your listing is very well written and extremely detailed. This way potential renters know exactly what the home entails and lets them know right away if it is something that would be a good fit for them. Generally, they already have an idea what they are looking for, but having all of the details listed out is a way for the tenant to see something they didn’t know they even wanted.
Make sure to mention the big stuff. Things like washer/dryers, balcony or patios, central air and heat, carpets or hardwood, and any pet restrictions are all things that a potential tenant will want to know. The more information you give them up front, the fewer questions they will need to ask, and the sooner you can move to the next steps.
A Fresh Coat of Paint – Updated Appliances & Furnishings
Another reason your property may not be renting as quickly is some items in the home may be outdated. Renters look for upgraded appliances, new carpets, fresh paint, and good lighting. You certainly won’t get as many interested renters with the inside of your property looking straight out of the 80s. In addition, the potential renters can see that you are a reliable landlord if you take pride in your property.
And if all else fails, consider offering the renter a move-in special! You can waive the security deposit or application fee, offer a month free of rent, or charge less rent for a longer lease time. These are all things that may help a renter make their decision if they are on the fence. Since there are always so many expenses involved with moving, even if the potential renter can save a little bit, it could mean a whole lot.
Sources:
Zumper. “Ways to Get Your Property Rented Faster” Retrieved from: https://www.zumper.com/blog/2018/06/5-ways-to-get-your-property-rented-faster/. October 23, 2018.
AOAA. “How to Rent Your Property Faster” Retrieved from: https://www.american-apartment-owners-association.org/property-management/latest-news/how-to-rent-your-property-faster/. October 23, 2018.
