In a simplistic sense, you can easily attract tenants with an ideal location and an affordable price.
However, there are a lot of factors that come into play that make an attractive property. It now becomes a challenge for property owners how to know the best features to present to the best prospective tenants.
We have five tips to level up your game to help you find ways to attract quality tenants.
Establish Tenant Criteria To Exclude Undesirable Tenants
No matter how hard you market your rental property, if you are talking to the wrong set of potential tenants, your efforts may not prosper.
Attracting high-quality tenants starts with identifying who the ideal applicants are, and describing your desirable qualifications to simplify the tenant screening process.
The best tenants can pay their rent and other financial obligations on time and have no criminal records affecting their community.
At best, always search for an effective way to weed out the nuisance residents by preventing them from setting foot on your property, or in your house.
Create Well-written Listings and Use Professional Photos
Now that most tenants look for rental properties online, writing an effective listing is a must. Don’t forget to add these elements to your listings to attract quality tenants:
- Catchy Headlines
- Property’s location
- A descriptive listing of your rental space
- Best-selling features (example: new appliances, wide yard, and other amenities)
- Details of your contact person
Note that hiring people with expertise in professional photography makes your picture stand out. It’s much easier for the right tenants to decide whether to purchase your property or not. Many property managers help a property owner entertain more inquiries with this tactic.
Offer Supplemental Services and Add-ons
You can use add-ons to increase your attractiveness to a more desired potential tenant to draw in great tenants.
Built-in closets, stainless steel appliances, additional storage space or lighting, air conditioning, heating, and dishwashers are a few examples of these upgrades that a landlord can use to attract potential tenants.
Although these upgrades require more money, they will ultimately raise the rent income and increase the value of the rental property.
Give Incentives To Your Current Tenants
A quality tenant has a strong association with like-minded individuals. You can encourage your current tenant to refer other renters to work with your property in exchange for something.
Many landlords see this deal as an opportunity for the neighborhood members to spend everyday life close to their circles. It also minimizes the chances of accepting troublesome renters.
Ensure Quality To All Rental Properties
A well-maintained property can lure a larger pool of clients. Property management companies emphasize the importance of cleanliness, sophistication, and breathable ambiance to sell a dream experience to a tenant.
Apply a fresh coat of paint to your old-looking property and check market conditions to meet the modern expectations of potential renters. You can ask a property manager to help you in implementing various strategies.
Your property management efforts will never go wrong if your potential tenants can see the quality of your properties.
It may seem like a ton of work, but it pays off when you consider applying these five tips in the ordinary course of your business. If you’re one of the landlords who don’t have the time and energy to do all these things, FCAS can help you with your needs.