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4 Tips for Attracting More Tenants

Kitchen How to attract more tenants

Perhaps you manage a rental property or are thinking of investing in one. In that case, it's worth considering what Tenants look for in a flat or home to increase your likelihood of attracting tenants. Here, WiggyWam explains how to make your property more appealing by completing basic repairs and upgrades, providing desirable amenities, and managing and marketing it either on your own or with the help of a professional.

1. Invest in Improvements

Sprucing up your property can instantly increase your chances of attracting Tenants when they see it. Complete minor repairs and upgrades, such as a fresh coat of paint, new flooring, or modern appliances, to improve the appearance of your rental. A well-maintained property is more appealing to prospective tenants and can give them a positive impression.

Tenants remember what they see first, so focus on curb appeal by tidying the porch and walkways and clearing away any litter. Pay attention to details by tightening locks and fixtures, repairing any cosmetic damage, and ensuring doors and windows open silently and smoothly. Routine maintenance like this can make a difference to those shopping for a rental.

2. Add Attractive Amenities

Highlighting features that people might be looking for can boost the success of your business and help minimize long periods of vacancies. According to the experts, some of the most popular amenities among Tenants are parking spaces, pet-friendly options, storage space and high-speed internet. Attract tenants by offering them the benefits they look for in a home.

Consider revitalizing any outdoor areas with furniture, pathways, or lighting to make it easy to imagine using the space. Planting colorful flowers or decorative shrubs can transform your landscape. A well-manicured lawn will also appeal to Tenants with young children or pets looking for a beautiful place to enjoy quality time with their families.

3. Invest in Marketing

Even the most ideal rental property can sit vacant if no one knows it exists, which is why marketing is so crucial to the success of your business. Take attractive photos to include in your listing, and highlight the features that matter to your prospective tenants.

Another popular way to advertise is by creating a website with impressive graphics that provide helpful information about your rental. Be sure to list size, cost, amenities and anything else that can make your rental stand out. If you've sent out flyers around town, you can also post information about your rental on sites like Facebook. Rather than reinvent the wheel, simply upload a PDF with information about your property. The steps to uploading a PDF to Facebook are fairly simple, and you can do it in just a few clicks.

4. Manage Your Property

Property management covers everything from marketing and maintenance to occupancy and administration to ensure things run smoothly and residents have a positive experience. Managing your rental can be challenging and time-consuming, but a hired professional can help set and collect rent, vet tenants, and conduct inspections, leaving you with more time for other things.

Whether you decide to enlist a manager or prefer to take on the task yourself, effective property management can translate into a positive reputation for your business and fewer vacancies for your rental.

Attracting tenants is a crucial goal for ensuring maximum profitability, and there are several things you can do to appeal to Tenants. By investing in improvements, advertising amenities, and making sure people can find your property, you can boost your business' profile and help ensure higher occupancy rates. Use these tips to make a great first impression and help fill unwanted vacancies.

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Friday, 19 April 2024
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