Vacant rental properties are of no use to landlords. In fact, they’re more of a liability. An unoccupied home or apartment essentially means there’s no money coming in to help cover the costs of owning the property. So, when one tenant moves out (or a new rental property is acquired), landlords and/or property managers need to work diligently to find a suitable tenant to fill the vacancy.
Finding eligible, long-term tenants is a multi-faceted task that can take days, weeks or even months to accomplish. To begin with, landlords need to make sure that they’re offering a property that tenants are interested in renting. Below, are a few suggestions on how to make your rental property more attractive to potential tenants.
You can give your rental property some curb appeal without breaking the bank. Take a look around outside to see what needs to be fixed. Then, visit Nature’s Seed
Interior Paint Job
Prospective tenants will want to schedule a walk-thru or viewing to see the house or apartment before deciding whether it’s the right place for them. To make your rental property stand out and capture their attention, the interior must look just as attractive as the exterior. One of the simplest ways to give the inside of your rental property a “facelift” is to apply a fresh coat of paint.
Update the Flooring
Renovate the Kitchen and Bathroom
The kitchen and bathroom are often referred to as the selling points when trying to persuade someone to buy or rent a property. Renters who intend to live in a rental unit for several years prefer to move into a place that’s up-to-date. If there was any spot in the property to invest in, the kitchen and bathroom should be at the top of the list.
You can update your kitchen or bathroom fairly cheaply. You can replace floor tiles, install a new mirror, change out fixtures like the faucet and showerhead, put up a new backsplash, and paint. If necessary, invest in newer appliances as it adds appeal and saves the renter money on energy costs - both of which help your rental property to stand out.
After you’ve finished cleaning and updating your rental property you’re ready for the last step - taking photographs
Whether you’ve just acquired a rental property or your old tenant moved out, you need to find the right tenants to occupy the space on a long-term basis. In order to do this, you must master the art of being able to make your rental property stand out. Incorporating attractive features and DIY hacks like those described above help to modernize your space and draw interested parties from all over.