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SpinDistribute.com Article Directory

The following article was published in our article directory on March 4, 2021.
Learn more about SpinDistribute Article Distribution System.

Promoting Your Rental Property To Attract the Best Tenants

Article Category: Finances

Author Name: Geoff Doyle

For owners of rental property, it is vital that they are occupied. Every day that a property is vacant represents not only lost income; there may be other costs such as mortgage payments and council tax that a landlord would have to absorb.

The challenge is to find good tenants. These are people who would pay their rent promptly and would maintain the rental property in good condition. A poor tenant can cost a landlord as much money and stress as a unoccupied rental.

The first step is to do research as to how much rent to charge. You want to set your rent at a level that is competitive with similar properties in the area.

Thus, it is important that you know what the typical rents in your area are. One way you can do this is by looking at letting sites to see how much other landlords are charging in your locality for equivalent properties.

Also check to see which properties are occupied and which are vacant. This will give you an idea as to what rent amounts are attractive to tenants.

Another way you can set rents is to approximate all of the recurring monthly costs associated with your property. If there are annual costs, simply divide them by twelve. This amount represents the minimum amount of rent you should charge. You can add the desired profit on top of this, but make sure that it is still within the acceptable range of rents in your locality.

You can increase the rent slightly if your property has amenities that might make it more attractive to tenants. These might include extra bedrooms or bathrooms, or if it has been recently refurbished .

Once you've decided on your rent, you can start advertising your property. You can place listings on major real estate portals such as realestate com.au or domain.

In addition to writing an appealing and accurate description, you should include attractive images of the property. These photos should show your rental in the best light.

While you can take the photos yourself, you should consider investing in a professional photographer to do the job for you. This will ensure that you get striking images that will make tenants want to book a viewing.

Some other factors that make your property more attractive to tenants:

It is pet-friendly. Many possible tenants are also pet owners. So you can make your rental more attractive by allowing pets.
Parking. If your property offers parking and a garage, make sure to mention this in the listing. Make sure to add provision for parking or enhancing existing parking space if you are refurbishing your property.
Furniture. Many tenants are looking for rentals that are already furnished. So you should consider furnishing your property if it is currently unfurnished. In exchange you can ask for a longer tenancy period.
Gardens. If your property has a garden, you should emphasize this. In particular, you should include attractive pictures of it.

When you are learning how to invest in real estate, knowing how to market your rental property is an essential part of the process. In fact, it can spell the difference between being a successful investor and losing your investment.

Keywords: property investment, buyers agent, dual occupancy homes, investment property, rental property, how to invest

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