The quicker you can attract tenants to your property, the fewer chances of losing money with an empty rental home. Fortunately, it’s not too challenging, and you can do most of it yourself.
Market the Property Properly
Marketing a property is perhaps one of the most challenging tasks when getting new tenants or a sale. However, you don’t need to worry if you are inexperienced in property marketing. Companies like North Texas Property Management are experts in everything property-related, including marketing. All you need to do is register with one of these great companies; most of the time, they will take care of the rest. And they will even take care of maintenance, rent payments, and eviction proceedings if necessary. Pretty much all the hard work.
Visit the Rental Home Often
Even with the best property management agencies working on your behalf, sometimes a home can remain vacant for a while. There are many reasons for this, such as the appeal of the area, the current housing market, and the economic situation. But it’s best not to let the property fall into disrepair. You would be amazed at how much dirt, dust, and even pests an empty home can attract. Therefore, it’s crucial to visit the property once per week. When visiting the house, you can give it a quick clean, check for major issues and ensure all essentials are working.
Attract Tenants to Your Property with Curb Appeal
You may have heard of curb appeal but aren’t sure what it is. In a nutshell, curb appeal of the process of increasing the attractiveness of your rental home based on a glance. This is because most tenants or buyers will either walk or drive past your property. Here are three simple methods:
- Make the front door and windows look stunning.
- Mow the lawn and trim the bushes.
- Keep walkways and driveways clean and tidy.
It sounds crazy, but making the front door appealing significantly boosts the appeal of a property. As does keeping the windows clean. Of course, the appeal extends beyond and into the front garden or yard if you have one. And these, too, must be well maintained.
Remove Anything Personal
When a prospective buyer or tenant views your rental home, there are some things they look for upon arriving. Some want to envision themselves living in the space they see. Others want to move into a home with little effort or cost. Still, others cannot imagine either of these if there aren’t two things present. The first is neutral space, and the second is the absence of the previous owner. So one of the quickest ways to attract a new tenant is to altogether remove anything personal from the home. The furnishings are OK. But you should remove art, photos, and clothing.
Redecorate in Neutral Tones
A tenant can be put off by a viewing. There are numerous reasons this can happen. But one of the most common is styling that doesn’t resonate with them. While everyone’s taste is different, you can help increase the interior appeal of a property by redecorating it in a neutral style.
Most people assume this means beige and gray. While these good options work well, you can also decorate using colors. Some excellent neutral colors include navy blue, reddish browns/tans, and olive green. Then you can mix contrasting colors according to color theory.
It’s relatively easy to rent your house, so it doesn’t sit vacantly. First, get the right marketing agency. Then raise curb appeal and make the interior as neutral as possible. Once you become a pro at owning a rental home, you may own several for retirement.