8 Tips to get your property leased quicker!
From experienced property investors to first time investors, finding a tenant can sometimes be difficult - but it doesn’t have to be! Here are some simple tips to help get your investment leased quicker:
1. Improve street appeal
You don't get a second chance to make a first impression. To maintain street appeal, make sure the pathway is clear and that everything visible from the kerb – including doors, gutters and windows – is clean and in good repair. By improving the entrance you can create the right energy the moment tenants see your property for the first time - after all you want them to imagine themselves walking through the front door everyday!
2. Set strategic viewing times
A savvy strategy employed by experienced property managers is to hold inspections at the times your property presents at its best. If the property is positioned on a noisy street, hold off on conducting inspections until after peak commuting hours.
3. Review comparable rentals
Comparing your property to others on the market will reveal useful information. You might find that you need to reduce your rental expectations or make improvements to the property in order to be competitive with similar properties. We can create a comparable report for you so please don't hesitate to ask us.
4. Invest in quality photography
Good photography makes all the difference when it comes to appealing to your target audience. Natural light, clear photos and flattering angles will work in your favour. A professional photographer will ensure the best possible photos are taken of your property.
5. Hire a professional cleaner
Employing the services of a professional cleaner could pay you back ten-fold if it attracts a new tenant sooner. Have the property deep cleaned prior to taking photos, or before inspections, and in-between tenancies to ensure the property is presented in its best light.
6. Be proactive with repairs
Falling behind on even minor repairs could see tenants move your property to the bottom of their pile. Everything that needs to be fixed, should be fixed. This includes leaky taps, broken light fittings, damaged fly screens on doors and windows, and even loose doorknobs that need tightening.
7. Make gardening stress-free
If your investment property has a sizeable garden attached to it, consider hiring a gardener. A gardener will also ease the pressure on potential tenants to maintain their new home, adding further appeal to your property.
8. Use a Property Manager
You may not want to spend your days collecting rent, arranging repairs, conducting property inspections, locating tenants, reviewing legislation, renewing rent and leases – just to name a few investment property related activities. A Property Manager will do all of this for you, and much more!
If you would like any advice, please feel free to contact us on 8269 7711!