In this day and age, the only way to make your property profitable is having tenants. However, finding tenants is not always easy due to the current economic situation. Another reason is the competition brought about by the availability of many rental properties on the market. With that in mind, most tenants know what they want, particularly the key features that are suitable for them. As a landlord, it is essential to give these things to your tenants.
Tenants keep some factors in mind before selecting a house. Hence, you have to put yourself in their shoes or find someone who knows their needs. For instance, building consultants in Tigard have techniques that can enable you to make your rental property more appealing to tenants. You might not be able to control significant factors, such as price and location, but the majority of aspects are in your control. It is imperative to demonstrate that you are looking forward to helping your tenants settle in a comfortable and serene environment depending on their preferences.
Prepare tenant selection criteria
Having a specific layout is elementary in identifying the kind of tenant you want. Relatively, it will help in narrowing your attention on a particular market group and create the best listing copy. You should also be prepared for several inquiries about pets, smoking, and minimum income. Having all the information in writing is not only crucial to streamlining the procedure but can also protect you against any accusation of discrimination. Since most tenants use online listing services to search for homes, make sure that their inquiries are handled in the property description section.
Use professional photography
You should remember that no property listing is complete without professional pictures. Studies show that images have a long-lasting impact on tenants and allow them to view their real lives in the property. For example, The Wall Street Journal asserts that listings without images have about 2 seconds to entice a tenant. On the other hand, those with photos have about 20 seconds. Hence, the advantage of having images is that a tenant shall spend a whole more time looking at the pictures of the property, giving you a better chance to make your property stand out and beat the competition.
Practice regular maintenance
Regular maintenance of your property is one of the critical pillars of making your estate presentable to tenants. Ensures that all renovations are carried out properly and the tenants are assured that the property is in good hands. Potential tenants shall have a peace of mind and know that they’re in a comfortable and safe place. Also, preemptive maintenance saves on money and time by limiting the risks of things breaking in the long term.
In the end, rental property management depends on many aspects. With the tips above, you can understand how to make property desirable for tenants. If you feel unsure, you can also consult real estate experts for further directives. Doing so will prevent you from committing costly mistakes.