Having rental properties can be a great steady source of income. That is, until you’re stuck without tenants and you need to pay the bills. That’s why it’s smart to have a list of ways to get your property rented quickly. So, we have gathered a few surefire ways to get your property rented quickly, that have worked for landlords and property owners all throughout the world. Since time is limited, let’s get to it.
Have a reasonable rate
Maybe the rental game is your new small business idea or it’s your fallback when your other gigs haven’t been as lucrative, so you just aren’t sure what the rental and deposit rate should be. Well, it’s safe to say that if your rent rate mixed with your deposit is a price that’s through the roof, you most likely aren’t going to be able to fill your space as quickly as you’d hope to.
Take a look at other properties in your area and see what they’re renting for. What are they offering in addition to the property? Do they have amenities you don’t? If so, think about how that should be reflected in your pricing and adjust accordingly.
Ensure you have a system in place
When trying to fill a space as soon as possible, you want to be sure that you have the proper system set up and in place. You don’t want to have a bunch of applicants and then not be ready to process and screen them. So, take the time to get everything in order before you start collecting applications.
You want to be sure you have access to the best credit check for landlords, a reliable construction company to make repairs when one tenant moves out, a locksmith to change the locks over when the time comes, etc. If you have everything ready to go, you’re going to be much better off when the time comes to fill the space with new tenants.
If you’re the type of landlord that does nothing to help your tenants, then you’re most likely going to be left waiting with empty rental properties. Providing services like gardeners, paying for trash, sewer, and water, or even providing them with complimentary Wi-Fi are all great ways to show you’re a good landlord and that you want someone in your space. Providing amenities like these can help your property get rented quickly and efficiently.
Take good photos
Having good photos on a rental website is an extremely helpful way to rent your space quickly. This shows the potential tenants exactly what they’re going for, and what they will be getting upon arrival. It takes all the guesswork out of things and it will save you from answering tons of questions, which would drag out the process entirely.
You can use your phone camera if it’s high-quality—if it’s not, it may be a worthy investment to get a professional camera to use to capture your space properly. It also might be worth it to take a week to load the property with staged furniture like beautiful rugs, couches, and beds to really give the images a high-quality feel. That will help the future tenants to see the home and envision how they can make it their own during their time there.
Be a good communicator
When listing your rental property, you’re bound to get questions pertaining to it. So, be ready to field those questions yourself, or have someone you know and trust be at the ready to fire answers back as quickly as possible. Quick communication can result in filling the space faster.
We hope that a few of these tips help you to get your property rented in a flash. Good luck!