When you have invested in rental properties, you need to make sure that you can actually bring tenants into the space. That means creating an atmosphere that is inviting and shows off the best sides of your properties. It’s important that you focus on attracting tenants so you can have your pick of applicants and ensure that you have tenants you can trust to pay their rent on time and treat your space with the respect it deserves.
The appliances in your rental properties are going to be one of the things that potential tenants notice first. If they are old and inefficient, it will be difficult for you to convince tenants to rent your property. You should be changing out most appliances every 7-10 years so that they are as efficient as possible and continue to work well and look good. Take time to choose appliances that suit the style and size of the space so that they enhance the experience rather than detracting from it.
If an apartment smells bad, it will be almost impossible to market it to potential tenants. You want to make sure all your properties smell good, especially when you are touring them with applicants. Getting rid of bad smells usually starts with regular cleaning to help your space maintain a good look and scent. Carpets should ideally be cleaned every six to 12 months to prevent damage. You should focus cleaning efforts on the kitchen and bathroom since those tend to be the main sources of bad smells.
Your future tenants are going to be paying attention to the ways your previous tenants have felt about the space you are renting out. If you have a history of treating tenants poorly, that information will likely pass to new tenants. It’s always better to establish a positive relationship with all tenants so you can continue to keep your rental properties doing well. The more you focus on good relationships, the better it will be for your investment and your ability to rent out your properties.
Renting out properties can take a lot of work, but if you attract great tenants it can be easier work. It’s important to price your unit appropriately and stay in communication with all tenants. These tricks will help you to get more out of your rental property investment.
Check out this article on how to protect yourself against tenant lawsuits!